German Bank apparently considering multi-billion bond redemption – FAZ – Frankfurter Allgemeine Zeitung

the German bank wants to regain the confidence of the capital markets.

The German bank is considering, according to a press report the repurchase of bonds worth billions Euro. Doing so, the bank is likely to first-class title, called “Senior Bonds”, concentrate, reported the “Financial Times” on Tuesday night on its website. This would have a total volume of about 50 billion euros. The inclusion of subordinated debt, so-called “coco”, however, is unlikely, it said in the report, citing informed of the plans people.

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A spokesman for the Institute wanted to request not comment on the news release. In after-hours trading at brokerage Lang & amp; Black, the German bank share recovering their sustained in Xetra main business losses of more than 4 percent. The Institute could achieve with the purchase of own bonds that are trading below their nominal value, a capital gain. In addition, it could reduce its liabilities unless it funded the repurchase with its own resources.

On Monday evening had the money home trying to calm the currently strong unsettled capital markets. Despite a record loss last year ranged from the financial resources to pay the interest in 2016 for the 2014 issued subordinated bonds may, had stated in a press release. Earlier, the German Bank shares were both plunged to a record low and the rates for bonds come under severe pressure. On Tuesday, downhill first went on.

 
     
     
                 
                                 
                                                                             
                                                                                                                                                                               
                 
                     
             
         
     
     
 

In an article published on Tuesday writing German Bank CEO John Cryan to employees of Dax primarily reflects these had also emphasized the strength of Germany’s largest banking house in view of the recent turmoil. “You can tell your customers that the German bank considering its capital strength and their risk position absolutely rock solid is” it said in the statement.

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