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