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Deutsche Bank’s funding woes deepen
Lender pays highest rates on euro bond market this year for a leading international bank
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Deutsche Bank has had to pay the highest financing rates on the euro debt market for a leading international bank this year, in a further sign of the German lender’s uphill struggle to reduce its funding costs.
The bank raised eyebrows last week when it sold a total of €3.6bn in euro-denominated debt, paying 180 basis points over the benchmark for a two-year bond, a steep rate for short-term funding.
It also paid 230bp over the benchmark on a seven-year bond, a higher rate than domestic Spanish lender CaixaBank, which recently raised five-year bonds at 225bp, according to capital markets news service IFR.
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https://www.ft.com/content/cb739552-2c5d...016697f225
Lender pays highest rates on euro bond market this year for a leading international bank
...
Deutsche Bank has had to pay the highest financing rates on the euro debt market for a leading international bank this year, in a further sign of the German lender’s uphill struggle to reduce its funding costs.
The bank raised eyebrows last week when it sold a total of €3.6bn in euro-denominated debt, paying 180 basis points over the benchmark for a two-year bond, a steep rate for short-term funding.
It also paid 230bp over the benchmark on a seven-year bond, a higher rate than domestic Spanish lender CaixaBank, which recently raised five-year bonds at 225bp, according to capital markets news service IFR.
...
https://www.ft.com/content/cb739552-2c5d...016697f225
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