Pre-Stabilisation notice
26th October 2016
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
European Financial Stability Facility (EFSF)
EUR 2,000,000,000 increase of 0.40% Guaranteed Notes due 31 May 2026
Issued pursuant to the Debt Issuance Programme, dated 30 June 2016.
Pre-Stabilisation Notice
Commerzbank AG (contact: Ian Turner; telephone: (44-207475-1817) hereby announces, as Stabilisation Coordinator, that the Stabilising Manager(s) 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: | European Financial Stability Facility (EFSF) |
| Guarantor (if any): | The Member States of the European Union whose currency is the EURO, other than Hellenic Republic, Ireland, the Portuguese Republic, the Republic of Cyprus. |
| Aggregate nominal amount: | EUR 2,000,000,000 |
| Description: | Increase of 0.40% Guaranteed Notes due 31 May 2026 |
| ISIN: | EU000A1G0DH5 |
| Offer price: | [n/a] |
| Other offer terms: | Denoms: EUR1k+1k, Listing Luxembourg Stock Exchange. Payment date 02 November 2016 |
| Stabilisation: | |
| Stabilising Manager(s): | Commerzbank Aktiengesellschaft (CSM) Stabilsation Managers: HSBC Bank plc Nomura International plc |
| Stabilisation period expected to start on: | 26th October 2016 |
| Stabilisation period expected to end on: | 25th November 2016 (30 days after the proposed issue date of the securities) |
| Existence, maximum size and conditions of use of over-allotment facility. | The Stabilising Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
| Stabilisation trading venue: | Luxembourg Stock Exchange |
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 theUnited States or any other jurisdiction in which such distribution would be unlawful.
END
