Commerzbank AG Pre-stabilisation Pbb EUR 500mn senior 2022
16 January 2018 - 7:34PM
UK Regulatory
TIDMCZB
Pre-Stabilisation notice
16th January 2018
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
Deutsche Pfandbriefbank - Pbb
EUR 500,000,000 senior, unsecured Notes due 2022
Pre-Stabilisation Notice
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492)
hereby announces, as Stabilisation Coordinator, that the Stabilising
Managersnamed 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: Deutsche Pfandbriefbank AG
Guarantor (if any): none
Aggregate nominal amount: EUR 500,000,000 (no grow)
Description: senior, unsecured Notes due 23rd February
2022
Offer price: tbd
Other offer terms: payment date 23rd Feb 2018; listing Munich,
denoms 100k/100k, DIP programme, Rating:
BBB-/BBB (S&P/DBRS)
Stabilisation:
Stabilisation Coordinator: Commerzbank AG
Stabilising Managers: Bayerische Landesbank
DZ Bank
Nomura
UniCredit
Stabilisation period expected to 16th January 2018
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 Manager(s) may over-allot
conditions of use of the securities to the extent permitted in
over-allotment facility. accordance with applicable law.
Stabilisation trading venue: Munich regulated market
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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