Thu, 10th Jan 2019 08:59
10 January 2019
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
pbb Deutsche Pfandbriefbank
EUR senior unsecured preferred Notes due 2023
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:|
|Guarantor (if any):||none|
|Aggregate nominal amount:||EUR 500mn|
|Description:||Senior preferred Notes|
|Other offer terms:||maturity 17 January 2019; under their DIP; denoms 100k/100k, settlement 17 January 2019|
|Stabilisation Coordinator: Stabilising Managers:||Commerzbank AG BayernLB Goldman Sachs UBS Limited UniCredit Bank|
|Stabilisation period expected to start on:||10 January 2019|
|Stabilisation period expected to end on:||no 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:||Regulated Market of the Munich 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.