German team advises banking syndicate on Deutsche Bank issue of a Singapore Dollar 400 million bond

Global law firm Norton Rose Fulbright has advised a syndicate of international banks comprising Deutsche Bank AG, Singapore Branch, DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and Standard Chartered (Singapore) Limited on the successful issue of callable fixed rate to reset Notes by Deutsche Bank Aktiengesellschaft with an aggregate principal amount of SGD 400 million.

The bond, which was admitted to trading on the regulated market of the Luxembourg Stock Exchange (ISIN: XS2767277960), will mature in April 2028 and pay a semi-annual fixed coupon of 4.40 per cent. per annum until April 2027, as of which, subject to a call option of the issuer, the coupon to be paid semi-annually until maturity will be reset on the basis of the then prevailing 1-year-SORA-OIS rate plus a margin of 1.364 per cent.

The Norton Rose Fulbright team was led by partner Christoph Enderstein (debt capital markets, Frankfurt) and included counsel Dr. Michael Born, and associates Quynh-Anh Nguyen-Xuan and Miriam Dustmann (all debt capital markets, Frankfurt).

In-house advice at Deutsche Bank was provided by Richard Bauer, Dr. Ute Münstermann and Linda Cheng.

Norton Rose Fulbright's Frankfurt debt capital markets team advises both investment banks and issuers in connection with national and international capital market transactions in the areas of debt capital markets and structured finance, in particular on bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered notes, Schuldschein loans and issuance programmes as well as related regulatory issues including sustainable finance matters.