Deutsche Bank AG prices $2.172 million of 5.90% senior callable debt funding notes due September 29, 2031
Deutsche Bank AG priced $2,172,000 of 5.90% Fixed Rate Callable Senior Debt Funding Notes due September 29, 2031 on October 14, 2026, settling October 16, 2026, with semi-annual issuer call optionality starting October 16, 2027. The notes are unsecured, unsubordinated senior preferred obligations intended to qualify as eligible liabilities under CRR Article 72b(2), and are being issued under the company's existing senior debt funding indenture with Deutsche Bank Securities Inc. as agent.
Key takeaways
Tranche size and pricing: $2,172,000 principal, 100.00% issue price, 5.90% annual coupon, due September 29, 2031.
Issuer call: callable in whole, not in part, on optional redemption dates from October 16, 2027 through April 16, 2031 at 100% of principal plus accrued interest, subject to regulatory approval.
Ranking: unsecured, unsubordinated senior preferred obligations ranking pari passu with other senior unsecured obligations and in priority to senior non-preferred obligations under Section 46f(5) of the German Banking Act.
Use of proceeds: general corporate purposes, consistent with the prospectus supplement.
Distribution: Deutsche Bank Securities Inc. (affiliate of issuer) acts as agent with up to $12.00 per note discounts and commissions (total $24,148); net proceeds to issuer total $2,147,852.
Indenture and agents: issued under the amended and restated senior debt funding indenture with Delaware Trust Company as trustee and Deutsche Bank Trust Company Americas as paying, authenticating, issuing agent and registrar; calculation agent is Deutsche Bank AG, London Branch.
Listing: not listed on any securities exchange; expected to settle in book-entry form through DTC (CUSIP 25161FRK6 / ISIN US25161FRK65).
Key metrics
Primary source
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