Deutsche Bank's decision to carry out a €10bn rights issue is likely to spur further capital raisings at banks as financial institutions respond to regulators agreeing to important details in the long-awaited Basel III accord, bankers working on the deal have said.
The German bank confirmed this morning that it would raise at least €9.8bn via a fully underwritten rights issue, with the preliminary subscription price set at €31.80. The final subscription price is set to be announced in September 20.
