November 19, 2018 / 10:55 AM / a month ago

Deutsche Bank buys back senior bonds to optimise financing

FRANKFURT, Nov 19 (Reuters) - Deutsche Bank said on Monday that it was buying back Euro-denominated senior non-preferred securities worth 1 billion euros as it aims to optimise its refinancing.

“Using a small part of our high cash position to repurchase senior non-preferred securities reflects our aim to redeploy excess liquidity without taking undue risk,” Chief Financial Officer James von Moltke said in a statement.

The bank’s liquidity reserves stood at 268 billion euros at the end of September.

Reporting by Arno Schuetze; editing by Thomas Seythal

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