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PHILADELPHIA (USA) - DEUTSCHE Bank AG aims to sell as much as US$20 billion (S$27.2 billion) of debt related to leveraged buyouts to investors that include private equity firms, The Wall Street Journal reported on Sunday.
Deutsche Bank would follow Citigroup in trying to offload some of its debt, which is stopping the German bank issuing more loans.
But while Citigroup is looking for buyers of a US$12 billion package of loans and bonds, Deutsche Bank may sell its debt in parcels, the newspaper said in its electronic edition.
Deutsche Bank could not be immediately reached for comment.
Some of the same private equity firms are talking to both banks, the WSJ said. The firms talking to Citigroup include Blackstone Group, Apollo Management LP and TPG .
Deutsche Bank is also talking with an affiliate of Bain Capital, the WSJ added. -- REUTERS
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