Deutsche Bank investors to seek new terms in bank’s $5.4bn debt buyback plan

Investors who scooped up bonds sold by Deutsche Bank last month are pushing for better terms in the bank’s $5.4bn debt buyback plan, saying they were misled because the German lender failed to disclose its true financial position before the sale, according to people with knowledge of the matter.

Some of the bondholders who participated in the $1.75bn two-part offering say the bank, which announced a fourth-quarter earnings loss less than two weeks after the sale, should’ve made that disclosure before selling the bonds, the people said.

Some investors are so upset that they may raise the issue with regulators, the people said.