Deutsche Bank adds A$300 mln to 2012 bond-source
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SYDNEY, May 8 (Reuters) - The Australian unit of Deutsche
Bank (DBKGn.DE) 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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