In light of their share price decapitation, down 56% over the past 6 months, Deutsche Bank is considering buying back several billion dollars of its bonds. According to FT, they’ll buy senior bonds. There was no mention of the COCO bonds that everyone seems to be fixated on.
At the moment, the cost to insure against DB debt is at its highest point since the 2011 euro crisis.
Shares are off the lows, since this news was released.Twitter