Deutsche Bank’s trust and securities services, part of the bank’s global transaction banking division, has enhanced its current tender and exchange agency services to support all restructuring and merger and acquisition (M&A) transactions. The enhanced capabilities are intended to provide further efficiencies in debt, equity and cash transactions.
The bank has introduced additional services to provide flexibility in administering restructurings, accommodating high volume transactions that involve up to 50,000 holders. Transactions serviced include the exchange of debt for equity, equity for cash. The additional capabilities are designed to provide a “one-stop shop” solution for clients.
“Part of our focus is to enhance our services and adapt to our clients’ needs,” said Kevin Plein, managing director in Deutsche Bank’s Trust & Securities Services business. “The introduction of the business’s new tender and exchange capabilities will enhance Deutsche Bank’s existing suite of transaction services for restructurings which include escrows and custody of debt, equity or cash.”
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