Financial Times FT.com

Deutsche Bank faces buyer strike over bond move

By Paul J Davies in London and James Wilson in Frankfurt

Published: December 18 2008 23:31 | Last updated: December 18 2008 23:31

Deutsche Bank is facing the prospect of a buyers’ strike against its own debt and even debt it tries to sell on behalf of others as investors protest against the bank’s decision not to redeem a bond deal this week.

The German bank shocked bond and equity investors – and raised fears about its own capital strength – on Wednesday when it became the first big bank to say it would not repay the €1bn ($1.42bn) bond as expected in January.

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