Business & Finance

Deutsche Bank to price 1.5bn five-year senior at 150bp over mid

LONDON: Deutsche Bank will price a five-year senior unsecured bond in a 1.

Published January 16, 2017 Updated January 16, 2017 07:51pm

1 min

By Shoaib Ur Rehman

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LONDON: Deutsche Bank will price a five-year senior unsecured bond in a 1.5bn size at swaps plus 150bp, according to a source.

The bank opened books on the Baa2/BBB+/A- rated note at 165bp area over mid-swaps and revised guidance to 155bp area (+/-5bp, will price in range) on books around 2.5bn.

Books were last heard over 3.25bn. Deutsche Bank is sole bookrunner on the transaction.

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