24-03-2023, 07:22 PM
A tier 2 subordinated bond by Deutsche Bank AG is surging toward face value on Friday after the lender unexpectedly announced its decision to redeem the note early.
The bonds, which mature in 2028, had slumped from just over 98 cents on the dollar right before the Silicon Valley Bank implosion to as low as 90 cents in the aftermath of the Credit Suisse Group AG additional tier 1 wipe out, according to data compiled by Bloomberg.
https://www.bloomberg.com/news/articles/...#xj4y7vzkg
The bonds, which mature in 2028, had slumped from just over 98 cents on the dollar right before the Silicon Valley Bank implosion to as low as 90 cents in the aftermath of the Credit Suisse Group AG additional tier 1 wipe out, according to data compiled by Bloomberg.
https://www.bloomberg.com/news/articles/...#xj4y7vzkg