Deutsche Bank Reaps Bond-Market Rewards After Return to Profit
- Lender prices notes at tighter spreads than in November deal
- Bonds still carry premium versus other large banks’ debt
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Deutsche Bank AG enjoyed the benefits of a return to profit, as it sold bonds for the first time since breaking a five-year run of annual losses.
The lender issued two notes on Monday at spreads far below a similar sale in November after jumping into the market following last week’s earnings announcement. Investor orders closed at about 7.6 billion euros ($9.2 billion) across the 3 billion-euro offering.