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Deutsche Bank Aktiengesellschaft - Tender Offer (DE) - Final Results

Deutsche Bank Aktiengesellschaft Announces Final Results of its

Tender Offer for certain of its Euro-denominated Notes - DE000DB7XJP9 - DE000DL19VR6 -DE000DL19US6 - DE000DL19VP0 -DE000DL19U23 - DE000DL19VT2


10 MAY 2023


Full announcement including disclaimers and offer restrictions available via DB or Luxse


"10 May 2023. Deutsche Bank Aktiengesellschaft (the Offeror) announces today the final results of its separate invitations to holders of its Notes described below (each a Series and together the Notes) to tender their Notes for purchase by the Offeror for cash up to a maximum aggregate principal amount of €1,000,000,000 (subject as set out in the Tender Offer Memorandum (defined below)) (each such invitation an Offer and together the Offers). The Offers were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 28 April 2023 (the Tender Offer Memorandum) prepared by the Offeror. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum."


Details of the Notes and Final Results



...


"The Offers expired at 5.00 p.m. (CET) on 9 May 2023 (the Expiration Deadline).


The Offeror has decided:


(i) to set the Final Acceptance Amount for the Offers at €1,000,000,000 and each Series Acceptance Amount at the level shown in the table above;


(ii) to accept for purchase all March 2025 Notes and February 2027 Notes validly tendered for purchase in full, with no pro rata scaling;


(iii) not to accept for purchase any February 2026 Notes, September 2026 Notes or January 2027 Notes tendered for purchase pursuant to the relevant Offers; and


(iv) to accept for purchase November 2025 Notes validly tendered for purchase pursuant to the relevant Offer, subject to application of a pro rata scaling factor approximately equal to the Scaling Factor set out in the table above, as more fully described in the Tender Offer Memorandum.

Final pricing for the Offers took place earlier today at the Pricing Time. A summary of the pricing for each

Series is set out in the table above.


The Offeror will also pay an Accrued Interest Payment in respect of any Notes accepted for purchase pursuant to the Offers."

 

Deutsche Bank Aktiengesellschaft Announces Indicative Results of its

Tender Offer for certain of its Euro-denominated Notes - DE000DB7XJP9 - DE000DL19VR6 -DE000DL19US6 - DE000DL19VP0 -DE000DL19U23 - DE000DL19VT2


10 MAY 2023


Full announcement including disclaimers and offer restrictions available via DB or Luxse


"10 May 2023. Deutsche Bank Aktiengesellschaft (the Offeror) announces today the indicative results of its separate invitations to holders of its Notes described below (each a Series and together the Notes) to tender their Notes for purchase by the Offeror for cash up to a maximum aggregate principal amount of €1,000,000,000 (subject as set out in the Tender Offer Memorandum (defined below)) (each such invitation an Offer and together the Offers). The Offers were made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 28 April 2023 (the Tender Offer Memorandum) prepared by the Offeror.


Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.


Details of the Notes and Indicative Non-Binding Results



The Offers expired at 5.00 p.m. (CET) on 9 May 2023 (the Expiration Deadline).


In the event that the Offeror decides to accept valid tenders of Notes pursuant to the Offers, the Offeror expects:


(i) to set the Final Acceptance Amount for the Offers at €1,000,000,000 and each Series Acceptance

Amount at approximately the level shown in the table above;


(ii) to accept for purchase all March 2025 Notes and February 2027 Notes validly tendered for purchase in

full, with no pro rata scaling;


(iii) not to accept for purchase any February 2026 Notes, September 2026 Notes or January 2027 Notes

tendered for purchase pursuant to the relevant Offers; and


(iv) to accept for purchase November 2025 Notes validly tendered for purchase pursuant to the relevant Offer, subject to application of a pro rata scaling factor approximately equal to the Indicative Scaling Factor set out in the table above, as more fully described in the Tender Offer Memorandum.


The table above sets out indicative details of the Final Acceptance Amount, each Series Acceptance Amount, and the approximate pro rata Scaling Factor that the Offeror expects to apply to relevant tenders of Notes of the relevant Series. Noteholders should note that the figures given above are a non-binding indication of the levels at which the Offeror expects to set the respective amounts in the event that it decides to accept any valid tenders of Notes pursuant to the Offers."

 

Deutsche Bank Aktiengesellschaft Announces Tender Offer for certain of its Euro-denominated Notes - DE000DB7XJP9 - DE000DL19VR6 -DE000DL19US6 - DE000DL19VP0 -DE000DL19U23 - DE000DL19VT2


28 APRIL 2023


Full announcement including disclaimers and offer restrictions available via DB or Luxse


"28 April 2023. Deutsche Bank Aktiengesellschaft (the Offeror) announced today invitations to holders of its Notes described below (each a Series and together the Notes) to tender their Notes for purchase by the Offeror for cash up to a maximum aggregate principal amount of €1,000,000,000 (subject as set out in the Tender Offer Memorandum (defined below)) (each such invitation an Offer and together the Offers). The Offers are being made on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 28 April 2023 (the Tender Offer Memorandum) prepared by the Offeror, and are subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum."


...


...


"Rationale for the Offers


The Offers are designed to proactively manage the Offeror's debt maturity profile and to provide liquidity to current Noteholders."

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