Deutsche Bank Tests the Water

It wasn’t so long ago that Deutsche Bank seemed, in the eyes of some skittish investors at least, on the brink of collapse and in need of a state bailout.

On Monday it took another cautious step to repair the damage. Demand for Deutsche Bank bonds quickly outstripped the supply as the embattled financial institution lured back investors with a generous coupon rate.

Deutsche Bank set out to sell €1.5 billion ($1.4 billion) in five-year bonds, but investor demand rapidly soared to more than €3 billion, according to Handelsblatt’s financial sources.

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