Deutsche Bank AG is reportedly planning to sell $700 million in bonds backed by commercial property loans.
According to a Bloomberg report that cites unnamed sources, the new issue will be tied to floating-rate mortgages pooled from multiple borrowers. The issue includes debt from several high-profile commercial properties, including the landmark Hotel del Coronado near San Diego and New York City's Standard Hotel.
The Bloomberg report adds that the issue could be offered to investors as early as next week. However, a spokesperson for the bank declined to confirm the report.
