Deutsche Bank announced today that it has successfully issued Euro-Yen-denominated bonds of 64.3 billion Japanese Yen in a multi-tranche offering.
This is Deutsche Bank’s first access to financing in the JPY market in 9 years since 2015, taking into account investor needs, where interest rates remain low even after the end of the negative interest rate policy in Japan.
Deutsche Bank’s re-entry into the JPY market represents the strength of its transformation. It follows upgrades from all major rating agencies and recent successful issuances in the Panda bond and Singaporean dollar markets in Asia Pacific earlier this year.
Thomas Rueckert, Deutsche Bank Treasury, said:
“As a Global Hausbank, Deutsche Bank always aims to broaden and diversify its investor base targeting all markets where the bank is active. The Japanese Yen market has always been a key market for Deutsche Bank and offers attractive opportunities to fulfil our annual funding plan at attractive conditions.”
