Deutsche Bank raised $517 million through a Panda bond sale in China. The issuance allows the German lender to access the Chinese domestic bond market. This move diversifies capital sources as international institutions increasingly target China's onshore market.
The capital raise follows the bank's Annual General Meeting on May 28. Investors at the meeting demanded strict cost discipline from management.
May 29 marks the ex-dividend date for the bank's shares. Today also serves as the record date for U.S. shareholders.