Bonds
Bond issues
For long-term debt financing, DB Group has a European debt issuance program (EDIP) and an Australian debt issuance program (Kangaroo program) at its disposal.
| ISIN | Issuer | Currency | Volume (million) | Volume (€ million) | Coupon (%) | Maturity | Term (years) |
|---|---|---|---|---|---|---|---|
| XS2755487076 | DB Finance | EUR | 500 | 500 | 3.375 | Jan2038 | 14.0 |
| XS2763525396 1) | DB Finance | NOK | 1,325 | 117 | 4.106 | Feb 2039 | 15.0 |
| XS2808189760 | DB Finance | EUR | 500 | 500 | 3.375 | Apr 2034 | 10.0 |
1) Private placement.
- EDIP: Three senior bonds (volume: € 1.1 billion) were issued under the EDIP in 2024 and eight senior bonds (volume: € 1.7 billion) were redeemed.
- Kangaroo program: No new bond was issued under the Kangaroo program in 2024. One bond (volume: € 0.3 billion) was redeemed.
The funds were raised to refinance liabilities due and for ongoing general Group financing. Demand for our bonds came mainly from institutional investors in Europe.
Events after the balance sheet date: Repayment of hybrid bond announced
DB Group plans to redeem the first hybrid bond (ISIN XS2010039035) on April 22, 2025, at its nominal value of € 1 billion plus accrued interest outstanding. The remaining hybrid bond (ISIN XS2010039548) remains a key part of DB Group’s financing strategy.