Deutsche Bank Finds Comfort in Mega-Bond Deals as Revenue Falls
- Lender cites work on seven of January’s 10 biggest offerings
- Overall revenue fell for eighth quarter, fixed-income slumped
Deutsche Bank CEO Christian Sewing speaks during a full year earnings announcement in Frankfurt on Feb. 1, 2019.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank AG says it’s focusing on quality rather than quantity in the primary bond market.
The lender highlighted work as a lead bookrunner on seven of the 10 largest bond sales worldwide this year, after reporting an eighth straight decline in companywide quarterly revenue. Fixed-income trading tumbled 23 percent in the last three months of 2018, while debt origination had a “significant decline” amid a marketwide slowdown.