Allen & Overy LLP advised a syndicate comprising 35 banks on the successful issue of a tier 2 subordinated bond by Deutsche Bank Aktiengesellschaft with a volume of EUR 750 million. The bond pays a fixed coupon of 4.50 per cent. and matures in 2026 (ISIN: DE000DL40SR8).

The Allen & Overy team comprised partner Christoph Enderstein, counsel Michael Becker and associate Christoph Pohl (all International Capital Markets, Frankfurt).

Allen & Overy, represented by the same team, already advised various banking syndicates on Deutsche Bank issues of senior bonds including benchmark bonds and Pfandbriefe during the course of this year and has now also been involved in this year's first issue of a subordinated bond by Deutsche Bank.

In-house advice at Deutsche Bank Aktiengesellschaft was provided by Tim Pätzold.

The Debt Capital Markets team led by partner Christoph Enderstein advises both investment banks and issuers in connection with domestic and international debt capital markets and structured finance transactions.