Bloomberg News

Deutsche Bank Suggests Joint Municipal Bonds, Handelsblatt Says

August 20, 2012

Deutsche Bank AG (DBK) is suggesting that German municipal governments issue joint debt, Handelsblatt reported, citing a study by Germany’s biggest lender.

While banks provide 95 percent of the financing for German cities and towns, Deutsche Bank says creating a municipal financing agency offers an alternative as new rules make lending less attractive for banks, the Dusseldorf-based newspaper said in an article e-mailed before publication.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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