Commerzbank AG Pre-stabilisation SCBC EUR covered due 2027
21 March 2017 - 7:50PM
UK Regulatory
TIDMCZB
Pre-Stabilisation notice
21st March 2017
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
The Swedish Covered Bond Corporation (SCBC)
EUR benchmark covered bond due 2027
Pre-Stabilisation Notice
Commerzbank AG (contact: Christian Klocke; telephone: +49 69 13643420) hereby
announces, as Stabilisation Coordinator, that the Stabilising Managers named
below may stabilise the offer of the following securities in accordance with
Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse
Regulation (EU Regulation 596/2014).
The security to be stabilised:
Issuer: The Swedish Covered Bond Corporation
Guarantor (if any): none
Aggregate nominal amount: EUR benchmark
Description: fixed rate, backed by Swedish residential
mortgages, due 29th March 2027
Offer price: tbc
Other offer terms: payment 29 March 2017, denoms 100k/1k, soft
bullet
Stabilisation:
Stabilisation Coordinator: Commerzbank AG
Stabilising Managers: Credit Suisse
Danske Bank
NordLB
SG CIB
Stabilisation period expected to 21st March 2017
start on:
Stabilisation period expected to no later than 30 days after the proposed
end on: issue date of the securities
Existence, maximum size and The Stabilising Managers may over-allot the
conditions of use of securities to the extent permitted in
over-allotment facility. accordance with applicable law.
Stabilisation trading venue: London SE
In connection with the offer of the above securities, the Stabilising Manager
(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities during the stabilisation period
at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur and and any stabilisation action, if
begun, may cease at any time Any stabilisation action or over-allotment shall
be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.
This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful.
END
END
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