Deutsche Bank sets bond offer priced in euros

Article Abstract:

Deutsche Bank AG has issued up to 1.5 billion euros of convertible bonds to finance its $10.12 billion acquisition of Bankers Trust Corp. The issue is the first large-scale offering of convertible bonds denominated in euros. Deutsche Bank has raised 25% of the Bankers Trust price, and will raise more funds in early 1999. The bonds can be converted into shares of Allianz AG.

Comment:

Deutsche Bank AG issues up to 1.5 billion euros of convertible bonds

Abstract

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Deutsche Bank alienates Telekom

Article Abstract:

The article discusses how Deutsche Bank has alienated the investors and management of Deutsche Telekom, because of the near-$1 billion (Euro1.11 billion) block trade in the company's shares it executed for an unnamed big shareholder.

Telecommunications, DTBKY

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Germany further reduces its Deutsche Telekom stake

Article Abstract:

Kreditanstalt fur Wiederaufbau has divested 4.5 billion euros worth of Deutsche Telekom AG shares. The German government is aiming to cut its budget deficit.

Acquisitions & mergers, Communications, Broadcasting and Telecommunications, Mergers, acquisitions and divestments, Company acquisition/merger, Communications industry, Company securities, Kreditanstalt fur Wiederaufbau

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