Deutsche Bank Buyback Said to Spark Backlash From Newest Lenders
ByInvestors who scooped up bonds sold by Deutsche Bank AG last month are pushing for better terms in the bank’s $5.4 billion debt buyback plan, saying they were misled because the German lender failed to disclose its true financial position before the sale, according to people with knowledge of the matter.
Some of the bondholders who participated in the $1.75 billion, two-part offering say the bank, which announced a fourth-quarter earnings loss less than two weeks after the sale, should’ve made that disclosure before selling the bonds, the people said, asking not to be identified as the discussions are private. Some investors are so upset that they may raise the issue with regulators, the people said…
Deutsche Bank Buyback Said to Spark Backlash From Newest Lenders
