Hengeler Mueller Panel at the Mergermarket M&A Forum 2025: clip with key takeaways
21 May 2025
Deutsche Bank AG issued Additional Tier 1 capital instruments with a principal amount of 1.25 billion euros (ISIN DE000DL19VZ9). The securities bear a fixed coupon of 4.625%, payable annually, until 30 April 2028. The applicable rate of interest will be reset at five year intervals starting on 30 April 2028 on the basis of the then prevailing 5 year Euro swap rate plus the initial credit spread of 4.747% per year.
Hengeler Mueller advised the joint lead managers on the transaction. The team was led by partner Alexander Rang (Capital Markets, Frankfurt) and included partner Matthias Scheifele (Tax, Munich) as well as associates Pascal Brandt, Dominik Stolz (both Capital Markets, Frankfurt) and Tim Würstlin (Tax, Munich).
