2006 Media Releases

Deutsche Bank yesterday priced a A$500m 3 year floating rate note to support continued growth across its Australian operations in the Global Markets, Global Banking and Asset Management divisions.

The floating rate note was issued off the Sydney Branch’s Transferable Certificate of Deposit Programme and was priced at the 3 month Australian Dollar Bank Bill Swap Rate (BBSW) plus 10 basis points.

Chum Darvall, CEO of Deutsche Bank Australia and New Zealand said “This is our first public deal in the Australian market since April 2004 and follows our investor roadshow earlier this year.

“We’re delighted with the level of funding and the closing of the pricing gap between Deutsche Bank and similar deals by major domestic retail banks.

“With the order book heavily oversubscribed and Australian investors dominating, this issue demonstrates strong support for the Deutsche Bank credit story and market presence locally.”

This is the tightest pricing Deutsche Bank has achieved versus comparable major Australian banks.

Andrew Martin, Deutsche Bank Treasury’s Head of Issuance, Asia Pacific said “In addition to providing funding for the Sydney Branch, this issue brings welcome diversification benefits to the Bank’s global funding base through access to Australian investors and Australian dollars.”

Banks, government entities and middle market funds all participated.

For further information, please call:

Cathy Knezevic 612 8258 2792
Kate Abrahams 61 2 8258 2416