Deutsche Bank has announced its decision to redeem its Fixed-to-Fixed Reset Rate Subordinated Tier 2 Notes Due 2028, in accordance with its terms and conditions. The Notes will be redeemed in full on their next call date, which is 30th June 2021.
The redemption of the Notes is part of Deutsche Bank's ongoing efforts to optimise its capital structure and reduce its interest expenses. The decision to redeem the Notes reflects the bank's improved financial position, which has been strengthened by its successful execution of its strategic transformation over the past few years.
Deutsche Bank remains committed to maintaining a strong capital position and ensuring that it has the appropriate resources to support its clients and drive sustainable growth over the long-term. By redeeming the Notes, the bank is further enhancing its financial flexibility and strengthening its ability to pursue its strategic objectives.