Financial Times FT.com

D Bank speeds sale of its €36bn leveraged loans as prices rise

By Martin Arnold in London and James Wilson in Frankfurt

Published: April 15 2008 03:00 | Last updated: April 15 2008 03:00

Deutsche Bank, one of the biggest lenders to private equity before last summer's credit crisis, has accelerated the sale of its €36bn (£28.8bn) leveraged loan portfolio in the hope of taking advantage of a recent slight improvement in debt market conditions.

The German bank has been steadily selling some of its leveraged loans since August, said a person familiar with the talks. The sale process was accelerated last month as the price of many of the loans increased following the bail-out of Bear Stearns.

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