Deutsche Bank Fixed Income Presentation Deck
Issuance plan ~80% complete
In € bn, unless stated otherwise, YTD issuance as of July 14, 2023
Covered bonds
20
7
10
4
Issuances
11
1
6
2021
4
2023
26
1
5
19
1
Redemptions¹
Senior preferred²
12
3
4
5
2024
Notes: for footnotes refer to slides 35 and 36
Deutsche Bank
Investor Relations
24
4
7
9
5
Issuances
2022
Senior non-preferred
17
15
2
5
1
4
11
2
Redemptions¹
6
3
2025
Contractual maturities¹
13-18
4-5
1-2²
8-9
0-2
17
2
UN
Original Updated
issuance plan issuance plan
2023
3
10
1
2026
AT1/T2
Q2 2023 Fixed Income Investor Call
July 28, 2023
12-15
4-5
3-4²
4-5
1
10
UT
1 23 5 1
YTD
issuance
2027
11
Issuance plan remains at € 12-15bn
> Year-to-date issuance at € 11bn, ~80% of mid-
point of full-year target range
> Recent issuance highlights:
>
€ 1bn dual tranche Pfandbrief (May)
>
$1.25bn senior non-preferred bond (July)
>
€ 0.5bn senior preferred bond (July)
>
For rest of year, primary focus remains on
covered bonds and senior preferred notes
> Transition of USD LIBOR issuances to risk-free
rates has been completed, except for three AT1/
Tier 2 benchmark notes that rely upon fallback
provisions, including utilization of last available
rate
>
Bondholders have been informed of potential
last available rate, though resets do not occur
until 2025 / 2027
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