The man who is providing Deutsche Bank AG with a 2.1 billion-euro ($2.9 billion) cash infusion, and a vote of confidence, held talks with banks about getting a loan to finance the investment and to hedge it.
Sheikh Hamad bin Jassim bin Jabr Al Thani, who played a key role in Glencore International Plc’s takeover of Xstrata Plc, is returning to dealmaking a year after his ouster as prime minister and head of Qatar’s sovereign wealth fund.
Credit Suisse Group AG, the Swiss investment bank which advised Qatar on some of its most high- profile investments, said it’s gaining deals on merit and not because of the Gulf state’s status as a key shareholder.
Deutsche Bank AG, seeking to raise $11.6 billion of capital, braced investors for a deepening trading slump and potential damage to its business from international probes of currency rigging and hiring practices.
Deutsche Bank AG, Europe’s biggest investment bank, offered shareholders a discount of 24 percent to buy new stock as it sought to raise a total of 8.5 billion euros ($11.6 billion) to strengthen its finances.
Deutsche Bank AG is taking 1.75 billion euros ($2.4 billion) of Qatari funds to shore up capital, joining banks from Barclays Plc to Credit Suisse Group AG courting the world’s richest nation during times of need.
Deutsche Bank AG is betting its 8 billion-euro ($11 billion) capital increase will help it grab market share in fixed income as a slump in trading prompts competitors including Barclays Plc to retreat.