Deutsche Bank enhances tender and exchange administration services for debt and equity restructurings
New York, Deutsche Bank’s Trust & Securities Services, part of the Bank’s Global Transaction Banking division, has enhanced its current tender and exchange agency services to support all restructuring and merger & acquisition transactions. The enhanced capabilities provide further efficiencies in debt, equity and cash transactions.
Recognizing the changing needs of the market, the Bank has introduced additional services to provide flexibility in administering restructurings, accommodating high volume transactions that involve up to 50,000 holders. Transactions serviced include the exchange of debt for equity, equity for cash or any permutation thereof. The additional capabilities are designed to provide a “one-stop shop” solution for clients.
As part of the service enhancement, Trust & Securities Services will provide the robust infrastructure that is key to the efficient administration of any debt or equity restructuring.
“Part of our focus is to enhance our services and adapt to our clients’ needs,” said Kevin Plein, Managing Director in Deutsche Bank’s Trust & Securities Services business. “The introduction of the business’s new tender and exchange capabilities will enhance Deutsche Bank’s existing suite of transaction services for restructurings which include escrows and custody of debt, equity or cash.”
About Deutsche Bank
Deutsche Bank - NYSE: DB - is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets.
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