Deutsche Bank and Twenty Four Asset Management

coupon payments: These securities, meant to bolster Tier 1 capital, aren’t dated and coupon payments depend on the lender capital level, according to Bloomberg. Deutsche Bank said on Thursday it would be able to pay coupons for 2015, giving the bonds a boost. Deutsche Bank has the equivalent of about 4.6 billion euros of contingent convertible bonds, or CoCos, outstanding, according to a presentation for investors. Until today I would have had Deutsche Bank down to make the first coupon pass on its AT1 bonds, said Mark Holman, chief executive officer of Twenty Four Asset Management in London, referring to Deutsche Bank additional Tier 1 notes, which he doesn’t own. They said they were going to pay today but they could just as easily have said they were going to skip. They’re just too close to the wire. (news.financializer.com). As reported in the news.