The price will represent a hefty discount on the German banking giant's current share price. Its stock was up 0.8 percent higher at 29.78 euros on Wednesday before pricing details of the issue were announced.
Deutsche plans to tap shareholders for 6.3 billion euros of new equity, issuing up to 300 million new shares.
Another 1.75 billion euros will come from shares placed with Paramount Holdings Services, an investment vehicle owned and controlled by Sheikh Hamad Bin Jassim Bin Jabor Al-Thani, a member of the Qatari royal family. Al-Thani purchased 60 million shares at 29.20 euros.
The hike is aimed at improving Deutsche's capital ratio, providing a buffer for future regulatory requirements and supporting business growth. It should increase the bank's common equity tier 1 ratio, a key measure of a bank's ability to withstand an economic shock, to 11.8 percent, up from 9.5 percent at the end of March this year.