The FINANCIAL — Deutsche Securities Inc. (DSI) announced that a Yen-denominated ‘Samurai’ bond issue for Deutsche Bank AG was launched on 7 November and issued by the Bank’s London Branch. DSI is serving as the book-runner of this trio of samurai bonds to be issued by Deutsche Bank AG, according to Deutsche Bank AG.
The anticipated JPY133.1 billion issue consists of 5-year floating rate, 3-year fixed rate and 5-year fixed rate tranches.
The bond issue is priced at 100 with payment due by November 14, 2014, and will be rated A3, A and A+ by Moody’s, S&P and Fitch, respectively.
This JPY133.1 billion issue reflects Deutsche Bank’s continued commitment to the market and issuance in Yen with its largest samurai transaction since September 2007. The No.8 Fixed Coupon Bond is the single largest samurai tranche ever issued by Deutsche Bank at JPY71 billion, according to Deutsche Bank AG.
“Amid high volatility in the market following the Bank of Japan’s announcement of further quantitative easing last week, the issue was met with robust demand from a broad range of investors, with close to 170 accounts across the book. DSI continues to support its overseas issuer clients in their financings in the Japanese market,” Makoto Kuwahara, President of DSI, said.
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