May 1, 2013 / 3:46 PM / in 5 years

Deutsche Bank plans Tier 2 as part of capital boost plans

LONDON, May 1 (IFR) - Deutsche Bank, rated A2/A+/A+, announced plans on Wednesday for a Tier 2 dollar-denominated bond. A two-week roadshow for the self-led bond will begin next week in Europe before moving to the US the following week.

The Tier 2 bond is part of the German bank’s plans to issue new stock and increase its capital reserves having drawn criticism for having insufficient cushions to handle another financial crisis.

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