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Deutsche Bank To Issue Securities That Qualify As Additional Tier 1 Capital

Deutsche Bank AG (DB) Monday announced its intention to issue securities that qualify as Additional Tier 1 capital. The issuance is expected to be of benchmark size with a minimum of $1 billion.

This was decided by the Management Board with the approval of the Chairman's Committee of the Supervisory Board.

The securities will be subject to a write-down provision if Deutsche Bank's Common Equity Tier 1 capital ratio falls below 5.125% and be subject to other loss-absorption features pursuant to the applicable capital rules.

The securities are registered in the United States.

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