DB: CAMOUFLAGE OR COUNTER-ATACK.

The biggest bank group in Germany has confirmed today that will repurchase part of the debt that emitted in the markets, the plans of Deutsche Bank of repurchasing part of its debt senior it is an intent of to put control to its punishment in Bag and to silence the doubts on its financial situation. The giant bank German has announced that it will repurchase funds senior (debt guaranteed by the own entity) for a volume of 3.000 million Eurus and of 2.000 million dollars (about 1.800 million Eurus to the current change). on the whole, about 4.800 million Eurus. 

The repurchase operation will be open during seven skilled days for the debt denominated in Eurus and during twenty days for the one denominated in dollars, subject to a possible discount of the repurchase price in the funds that are welcomed to this process starting from the tenth skilled day. With this operation, Deutsche Bank seeks to demonstrate that it possesses enough resources so much to buy debt as to assist its more immediate financial commitments. To tranquilize the investors, Deutsche Bank assured that it is a solvent bank and that he/she has enough liquidity to pay this year the interests (350 millions) of holding of convertible debt (Coconuts) emitted in 2014. 

In this sense, the German bank assures that its strong position of liquidity will allow him to repurchase these debt titles without he/she has it effects in the emission plan for this year. The responsible financier of Deutsche Bank, Marcus Schenk, it has pointed out that with this repurchase proposal the entity is taking advantage, also, "the advantages of the conditions of the market" to repurchase its funds and to reduce this way its debt load to attractive" "prices. The German bank has announced its plan the same day in that S&P has clipped the rating of its hybrid debt, of BB - until B+ in the case of the debt Tier1, and of BB until BB - in that of the instruments of Tier2. 

Likewise, the bank has received the German government's support when the German minister of Finances, Wolfgang Schäuble, assured today that the Deutsche Bank, first bank of Germany, "has enough capital" and it is a “strong bank”. The Deutsche Bank has enough capital. We have taken preventive measures to make the most resistant banks soon after the financial crisis of 2007-2008", Schäuble it pointed out in a press wheel at the end of a council of Ministers of Economy and Finances of the European Union (UE), the Ecofin. 

The actions of Deutsche Bank that accumulate a near punishment to 40% from year beginnings, has bounced today with force. and they have closed session with an ascent of 11,8% and they recovered the 15 Eurus.