The document is a correspondence from Nav Gupta, Managing Director at Deutsche Bank AG, discussing investment opportunities in European Bank AT1 Hybrid Bonds, specifically focusing on the Nationwide (UK Building Society) 6.875% perpetual bond. The bond is compared to a similar BBVA issue, highlighting its yield and potential call in 5 years. The correspondence includes investment suggestions and transaction costs.
doj/DataSet10/EFTA01453891.pdf
{"key_people":["Nav Gupta"],"document_type":"correspondence","key_locations":["London","United Kingdom"],"key_organizations":["Deutsche Bank AG","Nationwide (UK Building Society)","BBVA"],"reference_numbers":["XS1043181269"]}