Deutsche Bank's decision not to call its 3.875% euro Lower Tier II bond due 2014 sets an industry precedent and could prompt other issuers to follow suit, credit analysts in London said Wednesday.

The bonds plunged 12 points in price to around 88% of face value early Wednesday, while Deutsche Bank's credit default swaps were quoted around 10 basis points wider at 150/157 basis points. The bank's shares fell 6.7% to €26.13.