Commerzbank AG Sparebank 1 SMN EUR FRN 17/20
02 November 2017 - 7:24PM
UK Regulatory
TIDMCZB
Pre-Stabilisation notice
2 November 2017
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
SpareBank 1 SMN
EUR Senior Unsecured FRN due 2020
Pre-Stabilisation Notice
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492)
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: SpareBank 1 SMN
Guarantor (if any): none
Aggregate nominal amount: EUR 250 million (expected)
Description: senior, unsecured Floating Rate Notes due
November 2020
Offer price: tbc
Other offer terms: Coupon 3m-Euribor + 50bp; settlement 9th
November 2017, 3month Euribor; denoms 100k/
1k, listing Luxembourg
Stabilisation:
Stabilisation Coordinator: Commerzbank AG
Stabilising Managers: Danske Bank
DekaBank
Stabilisation period expected to 2nd November 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: Luxembourg
In connection with the offer of the above securities, the Stabilising Managers
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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