Pre-Stabilisation notice
19 April
Not for distribution, directly or
indirectly, in or into the United
States or any jurisdiction in which such distribution would
be unlawful.
mBank Hipoteczny S.A.€ 300,000,000
covered bonds due 2025
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: |
mBank Hipoteczny
S.A. |
Guarantor (if
any): |
none |
Aggregate nominal
amount: |
EUR 300,000,000.00 |
Description: |
Fixed rate covered
bonds due 2025 |
Offer price: |
tbc |
Other offer terms: |
soft bullet, maturity
5th March 2025, settlement 26th April 2018,
denoms 100k/100k, listing Luxembourg |
Stabilisation: |
Stabilisation Coordinator:
Stabilising Managers: |
Commerzbank AG
Erste Group Bank
JP Morgan
LBBW
Société Générale |
Stabilisation period
expected to start on: |
19th April
2018 |
Stabilisation period
expected to end on: |
not later than 30 days
after the proposed issue date of the securities |
Existence, maximum size
and conditions of use of over-allotment facility. |
The Stabilising
Managers may over-allot the securities to the extent permitted in
accordance with applicable law. |
Stabilisation trading
venue: |
Luxembourg |
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