Deutsche Bank said on Monday it would issue at least $1 billion in Additional Ti...
FILE PHOTO: The headquarters of Germany's Deutsche Bank are photographed in Frankfurt, Germany, July 8, 2019. REUTERS/Kai Pfaffenbach/File Photo
The decision was made by the management board and approved by a committee of the supervisory board, the German bank said. AT1 securities are a type of CoCo instrument, which were designed in the wake of the financial crisis to try to ensure investors, rather than taxpayers, would be on the hook if a bank runs into financial difficulties.
Speculation was rife over whether or not Deutsche Bank would redeem the CoCo bond given its recent travails.
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