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Deutsche Bank Prices Tight At 8.125% On High Demand

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Deutsche Bank (DB: Baa1/BBB/A-) AT1 final terms: 8.125% yield, we had fair value at 7.8-8.0% range so priced relatively tight to that level and on high demand.


  • IPT was 8.75% and books are above EUR9bn so a relatively high cover of 6x.

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