Deutsche Bank AG is considering buying back back several billion euros of its own debt, the Financial Times reported Tuesday. The news comes as the bank's shares continue to be battered by concerns about its finances, which have led to a severe selloff in recent sessions. Buying back bonds at a discount to its face value would allow the troubled bank create capital gains. The FT said the bank is looking at buying senior debt, of which it has about 50 billion euros outstanding. Earlier, co-CEO John Cryan moved to reassure investors that the bank had enough money to make coupon payments on CoCos, or contingent convertible debt, a hybrid debt-equity instrument. U.S.-listed shares were down 0.8% in afternoon trade.
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