Deutsche opens bidding for interest rate derivatives

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Deutsche Bank has kick-started the sale of fixed income assets with a notional value of more than $100 billion.

On September 18, the German lender invited potential bidders to tender offers for a portion of the interest rate derivatives that were moved to its ‘bad bank’ in July.

Deutsche opened the fixed income auction after offloading $170 billion of equity derivatives assets to three winning bidders late last week.

A spokesperson for the bank confirmed the fixed income sale was now underway

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