Bringing you live news and features since 2006 

Deutsche Bank to redeem eight ETNs


Deutsche Bank has elected to redeem eight DB exchange-traded notes (ETNs).

The notes in question are: DB 3x Long 25+ Year Treasury Bond ETN (LBND); DB 3x Short 25+ Year Treasury Bond ETN (SBND); DB 3x German Bund Futures ETN (BUNT); DB German Bund Futures ETN (BUNL); DB 3x Japanese Govt Bond Futures ETN (JGBT); DB Japanese Govt Bond Futures ETN (JGBL); DB 3x Inverse Japanese Govt Bond Futures ETN (JGBD); and DB Inverse Japanese Govt Bond Futures ETN (JGBS).
Deutsche Bank, as issuer of the ETNs, may redeem the ETNs at its sole discretion on any trading day on or after the inception date until maturity.
Deutsche Bank expects to provide notice of redemption via The Depository Trust Company on 13 September 2016.
The repurchase value of the ETNs will be determined as of the date notice is given.
Payment of the repurchase value of the ETNs will be made on the fifth business day following the date of notice, which is expected to be 20 September 2016.
The last trading day for each ETN is expected to be 19 September 2016.
Daily repurchases at the option of investors will be accepted in the normal manner up to, and including, 13 September.
Further issuances of the ETNs were suspended as of 1 January 2016.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by