12.02.2016 - German Deutsche Bank AG to buy back its own debt at $ 5.4 billion
Deutsche Bank AG announced its intention to buy back its unsecured debt in the amount of $ 5.4 billion, which was caused by the desire of the bank to strengthen investor confidence in the value of these securities and to demonstrate liquidity. In general, it is planned to buy back the securities at EUR 3 billion and 2 billion dollars. Previously was stated about the 215 billion euros of liquidity. According to representatives of the bank, it uses the time to buy these securities at attractive prices that are below the issue price. This step will support shares in the near future, but investors remain wary of renewed negative price dynamics. We expect the resumption of the fall of share prices after the current upward impulse.