Germany's Deutsche Bank said Wednesday it completed its €8.5 billion ($11.6 billion) capital increase, strengthening its capital buffers in line with expectations.

The new shares, which will be included in trading of Deutsche Bank's stock at the end of this month, were sold at €22.50 each. Deutsche Bank is issuing new shares to quell concerns about the bank's capital strength. The core tier 1 capital ratio, a measure of how well it can weather a crisis, will rise to 12% from 9.5% as of the end of March, above most European rivals.