Deutsche Bank to buy back more than $5B in bonds

Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday.

The lender said it would launch a tender for euro-denominated unsecured bonds worth 3 billion euros ($3.38 billion) and a tender for dollar-denominated bonds worth $2 billion.

“The Bank’s strong liquidity position allows it to repurchase these securities without any corresponding change to its 2016 funding plan”, Deutsche Bank said in a statement.