Deutsche Bonds “Dropping Like A Stone” As ‘Most Dangerous Bank In The World’ Plummets
by Tyler Durden
ZeroHedge.com
Sep 16, 2016
“They are dropping like a stone,” warns one European credit strategist as signals from the bottom of Deutsche Bank’s capital structure signal a “huge increase in the potential for a coupon skip.” With DB stock tumbling towards record lows again (EUR 11 handle), Bloomberg reports, the bank’s 1.75 billion euros ($2 billion) of 6% additional Tier 1 bonds, the first notes to take losses in a crisis, are crashing… as the world’s most systemically dangerous bank faces existential problems once again.
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