Q2 2018 Fixed Income Investor Conference Call
AT1/Tier2
Expected contractual maturities(1)
2018 funding plan and contractual maturities
€ bn
2018 funding plan
Maturity profile
Covered Bonds
Senior Structured / Preferred
Senior Non-Preferred
25
2-3
10-12
14
1
5
€ 11bn
funding plan
in H2 2018
23
11-12
8
As of
2018 Plan
30 June 2018
Funding plan for 2018 revised to € 25bn, 55% complete
-
(1)
24
24
22
21
19
2
4
<t
3
4
17
2
4
LO
5
11
7
16
+
15
4
CO
1
2016
2017 I
2018
2019
2020
2021
2022
Raised € 13.8bn as of 30 June 2018, at 3m Euribor +56bps with an average tenor of 6.5 years
€ 11bn funding planned for H2 2018, roughly 2/3 structured, preferred or covered, 1/3 non-preferred
Legislation allowing German banks to issue senior preferred debt passed and effective since 21 July 2018 - DB issuance to follow
Currently no capital issuance planned for 2018 (absent significant spread improvement)
Contractual maturities do not reflect early termination events (e.g. senior calls, knock-outs, buybacks)
Q2 2018 Fixed Income Investor Call
Deutsche Bank
Investor Relations
27 July 2018
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