Deutsche Bank Plans Additional Tier 1 Securities Issue, Denominated at €200,000 Each

Deutsche Bank Plans Additional Tier 1 Securities Issue, Denominated at €200,000 Each

(IN BRIEF) Deutsche Bank AG announced its intention to issue Additional Tier 1 (AT1) capital securities to support its Tier 1 leverage ratio and meet Pillar 1 and 2 AT1 requirements, with a first call date set for October 30, 2029, and denominated at €200,000 each. The issuance, authorized by the 2022 Annual General Meeting, will be of benchmark size, with Deutsche Bank AG acting as the sole bookrunner. However, it’s important to note that these securities have not been registered under the Securities Act of 1933 and will be issued under “Regulation S” only, prohibiting their offer, sale, or delivery within the United States without proper registration or exemption.

(PRESS RELEASE) FRANKFURT, 3-Jun-2024 — /EuropaWire/ — Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB), Germany’s leading multinational investment bank and financial services company, revealed plans today for the issuance of securities classified as Additional Tier 1 (AT1) capital instruments. The move, aimed at bolstering the bank’s Tier 1 leverage ratio and meeting its Pillar 1 and 2 AT1 requirements, will involve securities with a first call date set for October 30, 2029, and is expected to be of benchmark size.

This issuance falls within the scope of authority granted by the Annual General Meeting in 2022. Each security will be denominated at €200,000, with Deutsche Bank AG serving as the sole bookrunner for the placement.

It’s important to note that the securities mentioned herein have not been registered under the Securities Act of 1933, as amended (“Securities Act”). They will be issued solely under “Regulation S” of the Securities Act and therefore may not be offered, sold, or delivered within the United States without either registration under the Securities Act or an exemption from registration requirements.

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.

Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.

Such factors are described in detail in our SEC Form 20-F of 14 March 2024 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Investor Relations:

+49 800 910-8000 (Frankfurt)
db.ir@db.com

Media contact:

Christian Streckert
Deutsche Bank AG
+49(69)910-38079
christian.streckert@db.com

SOURCE: Deutsche Bank AG