November 19, 2014 / 9:36 AM / 5 years ago

Deutsche Bank plans no more issuance after $1.5 bln AT1 sale - source

FRANKFURT, Nov 19 (Reuters) - Deutsche Bank has ended its 5 billion euro ($6.3 billion) debt-raising programme following the sale of $1.5 billion in so-called Addition Tier 1 bonds and currently has no plans to issue more, a senior source familiar with the issuance told Reuters.

The bank’s leverage ratio will strengthen by 8 basis points to around 3.3 percent due to the $1.5 billion issuance, the source said.

Deutsche Bank aims to strengthen its leverage ratio from 2.4 percent at the start of 2014 to a target of 3.5 percent by the end of 2015.

Tuesday’s bond sale brings Deutsche Bank’s total AT1 issuance this year to around 4.7 billion euros, slightly less than the 5 billion announced earlier this year to help fortify its regulatory ratios.

$1 = 0.7980 euro Reporting by Kathrin Jones; Writing by Thomas Atkins; Editing by Maria Sheahan

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