• Most Popular
  • Most Shared

Investment Outlook Summit

Photo

Reuters talks to portfolio managers and strategists to find what's on the horizon. Learn how to position your portfolio in the year ahead.   Full Coverage 

Deutsche Bank aims to sell $20 billion in debt: report

PHILADELPHIA
Mon Apr 14, 2008 11:47am EDT

Stocks

   
People pass a sign of Deutsche Bank in Berlin April 1, 2008. REUTERS/Hannibal Hanschke

PHILADELPHIA (Reuters) - Deutsche Bank AG (DBKGn.DE) aims to sell as much as $20 billion of debt related to leveraged buyouts to investors that include private equity firms, The Wall Street Journal reported on Sunday.

Stocks  |  Bonds  |  Private Capital

Deutsche Bank would follow Citigroup Inc (C.N) in trying to offload some of its debt, which is stopping the German bank issuing more loans.

But while Citigroup is looking for buyers of a $12 billion package of loans and bonds, Deutsche Bank may sell its debt in parcels, the newspaper said in its electronic edition.

Deutsche Bank could not be immediately reached for comment.

Some of the same private equity firms are talking to both banks, the WSJ said. The firms talking to Citigroup include Blackstone Group (BX.N), Apollo Management LP and (Reporting by Jessica Hall; Editing by Louise Heavens)
Stocks
Bonds
Private Capital


More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
A broker waits for a phone call as he trades on the dealing floor at ICAP in Jersey City, New Jersey December 9, 2009. REUTERS/Lucas Jackson

Easy come, easy go

After a run of easy money this year, fund managers cast a wary eye on investment prospects in 2010.  Full Article 

Investment Outlook Summit

"I don't think this is the bottom. We're going to have more problems in the world economy. We're papering over the problems more than anything else."

Well-known investorJim Rogers,
on the sinking greenback and the fundamental problems with the U.S. economy
    Currencies