Finance strategy

Due to its assets and liabilities structure, which is tailored to suit its business operations, the DB Group exclusively uses long-term financing.

An European debt issuance program comprising € 25 billion and an Australian debt issuance program (Kangaroo program) comprising 5 billion Australian dollars (AUD) are available for long-term financing.

As of  Dec 31 (€ billion) Volume 2018 thereof utilized Volume 2017 thereof utilized
European debt issuance program 25.0 20.1 25.0 19.3
Australian debt issuance program
(AUD 5bn)
3.1 0.7 3.4 0.5
Multi-currency commercial paper program 2.0 - 2.0 -
Guaranteed unutilized credit facilities 2.0 - 2.0 -