CORRECTED-UPDATE 3-Deutsche Bank opts not to redeem $1.25 bln of debt next month [Reuters (UK)]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Reuters
Deutsche Bank opts not to redeem $1.25 billion of debt next month - Reuters 4 Min Read LONDON/FRANKFURT (Reuters) - Deutsche Bank ( DBKGn.DE ) has said it will not exercise an option to redeem $1.25 billion of bonds next month, a rare move in the industry that could pave the way for other lenders to follow suit. With the appetite for risky debt severely hit by recent market volatility, Germany’s biggest bank said on Wednesday it would hold on to $1.25 billion of so-called Additional Tier 1 (AT1) bonds rather than repay them at the first opportunity. AT1 bonds - more commonly known as a type of contingent convertible, or CoCo, bonds - are the most risky debt banks can issue. They are designed to be perpetual in nature, though banks can repay them after a specified period. In this case, Apr. 30 was the first chance for Deutsche to redeem it. It is usual for banks to repay them at the first opportunity, but this could change now given the recent blowout in CoCo debt after the coronavir
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- An excellent week for Federated Hermes, Inc.'s (NYSE:FHI) institutional owners who own 83% as one-year returns inch higher [Yahoo! Finance]Yahoo! Finance
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
FHI
Earnings
- 7/25/24 - Miss
FHI
Sec Filings
- 9/9/24 - Form 497
- 9/9/24 - Form 497K
- 8/28/24 - Form N-PX
- FHI's page on the SEC website