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Deutsche Bank adds A$300 mln to 2012 bond-source

Wed May 7, 2008 10:07pm EDT
 
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 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, May 8 (Reuters) - The Australian unit of Deutsche
Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) has added A$300 million ($283 million) of
senior 2012 bonds at 100 basis points over swap, according to a
market source.
 The issue was launched with a maximum size of A$400 million
and priced exactly in line with preliminary pricing of 100 bps.
 The increase brings the fixed rate tranche to A$550
million.
 The issuer is rated AA by S&P and Aa1 by Moody's.
  The deal details are as follows:
  Issuer:         Deutsche Bank AG Sydney Branch
  Facility:       Fixed rate transferable certificate of
              deposits increase
  Documentation:  Australian
  Amount issued:  A$300 million
  Total on issue: A$550 million
  Maturity:       Oct. 19, 2012
  Set date:       May 14
  Coupon:         7.50%
  Yield:          8.465%
  Margin:         +100 bps over swap
  Capital price:  96.998
  Lead(s):        Deutsche Bank
  Issuer rating:  AA (S&P), Aa1 (Moody's), AA- (Fitch)
 ($1=A$1.06)
 (Reporting by Cecile Lefort) 

 

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