April 14, 2008 / 2:53 AM / 12 years ago

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

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.

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)

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