Deutsche Postbank Funding Trust I & III securities are being offered in a public tender through our website.
Deutsche Bank, a global financial services provider with listings on XETRA (DBGn.DB) and the NYSE (DB), has announced a tender offer for trust preferred securities issued by Deutsche Postbank Funding Trust I & III. The details of this offer are outlined in the Tender Offer Memorandum.
The aim of the tender offer is to provide liquidity to current bond holders. The securities targeted are the Euro-denominated trust preferred securities issued by Deutsche Postbank Funding Trust I & III in 2004 and 2005.
For those seeking more information about the tender offer, they can contact the Tender Agent, Kroll Issuer Services Limited, at the following details:
- Phone: +44 20 7704 0880, attention: Arlind Bytyqi / Jacek Kusion
- Email: [email protected]
- Tender offer website: https://deals.is.kroll.com/deutschepostbank
The contact number for general information about the tender offer is +49 800 910-8000. Investors can also find information about the tender offer on Deutsche Bank's Investor Relations website (https://www.ourwebsite/ir).
It's worth noting that Deutsche Bank currently has no intention to exercise its optional redemption rights for the trust preferred securities, despite them no longer being recognized as regulatory capital or Minimum Requirement for Own Funds and Eligible Liabilities (MREL).
The Tender Offer Memorandum date is 09 November 2023, and the tender offer is being made pursuant to this document. The tender offer is subject to restrictions in certain jurisdictions, as fully described in the Tender Offer Memorandum. However, no offer or invitation to acquire any trust preferred securities is being made pursuant to this announcement.
This tender offer is a strategic action typically undertaken to manage or restructure capital by buying back these securities from investors at a specified price, often at a premium to the market price. The tender offer expiration date is 5.00 p.m. (CET) on Wednesday, 22 November 2023.
This tender offer aligns with Deutsche Bank’s emphasis on sustainable capital management and reducing the cost of funding. For more detailed information, investors are advised to refer to the Tender Offer Memorandum and the updates on Deutsche Bank’s investor relations channels.
The strategic tender offer by Deutsche Bank, a significant player in the banking-and-insurance industry, aims to provide liquidity to current bond holders and aligns with its focus on sustainable capital management. The securities targeted are the Euro-denominated trust preferred securities issued by Deutsche Postbank Funding Trust I & III in 2004 and 2005, and the tender offer is subject to restrictions in certain jurisdictions as outlined in the Tender Offer Memorandum.
