Norton Rose Fulbright advises banking syndicate on Deutsche Bank issue of tier 2 subordinated bond

Global law firm Norton Rose Fulbright advised a syndicate of nine banks on the successful issue of a tier 2 subordinated bond by Deutsche Bank Aktiengesellschaft with a volume of €1.5 billion.

The bond, which has been admitted to trading on the regulated market of the Luxembourg Stock Exchange (ISIN: DE000DL19WN3), will mature in March 2032 and pay a fixed coupon of 4.00 per cent. until June 2027, as of which, subject to a call option of the Issuer, the coupon to be paid until maturity will be reset on the basis of the then prevailing five-year Euro swap rate plus a margin of 3.30 per cent.

The Norton Rose Fulbright team was led by partner Christoph Enderstein and comprised counsel Dr. Michael Born and associates Andre Franchini Giusti and Quynh-Anh Nguyen-Xuan (all debt capital markets, Frankfurt).

In-house advice at Deutsche Bank Aktiengesellschaft was provided by Dr. Ute Münstermann.

Norton Rose Fulbright’s Frankfurt debt capital markets team advises both investment banks and issuers in connection with national and international capital market transactions in the areas of debt capital markets and structured finance.