The fixed-rate senior debt funding notes are due 2029

Davis Polk advised the sole bookrunner, joint lead managers and co-managers in connection with Deutsche Bank AG’s SEC-registered offering of $1 billion aggregate principal amount of fixed-rate senior debt funding notes due 2029. The notes will bear interest at a rate of 5.414% per year.

Headquartered in Frankfurt am Main, Germany, Deutsche Bank AG is the largest bank in Germany and one of the largest financial institutions in Europe and the world, comprising banks, capital markets, funds management, property finance, installment financing, and research and consultancy companies. As of December 31, 2023, it had total assets of approximately €1.317 trillion and employed approximately 90,130 people.

The Davis Polk corporate team included partner Yan Zhang, counsel Michael J. Russo and associate Yongming Wu. The tax team included partner Lucy W. Farr, counsel David S. Fisher and associate Spencer Pan. All members of the Davis Polk team are based in the New York office.

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