The German bank Deutsche Bank repurchased 5,000 million of its own debt, among them some of their riskier paper (the coconuts ), after doubts about its stability have multiplied in recent days.
its shares are listed in area lows and insurance cover against possible default (CDS, for its acronym in English) are in maximum five years. Deutsche reiterates that it has no problems, but his performance implies a recognition that something is wrong
The decision came hours after the rating agency S & amp;. P downgraded the rating of its emissions increased risk, coconuts (an asset that provides a return but that the issuer may convert into shares).
the largest bank in Europe’s largest economy said Friday it will buy back bonds . own denominated in euros and dollars to reduce panic that has settled among investors, who have severe punishment inflicted on him in recent sessions
the host in the market was good: the shares of Deutsche they rose 12%, which allowed him to close the week at level
Source:. El País of Spain
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