COMMERZBANK AG - Pre-stabilisation Berlin Hypo € covered due 2022
PR Newswire
London, July 2
Pre-Stabilisation notice
2 July 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Berlin Hyp AG
€ benchmark Mortgage Covered Bond due 2022
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: | Berlin Hyp AG |
Guarantor (if any): | none |
Aggregate nominal amount: | EUR benchmark |
Description: | Fixed rate senior, secured, covered due 10 October 2022 |
Offer price: | tbc after pricing |
Other offer terms: | payment date 9July18, listing Berlin, denoms 1k,/1k, under the issuer's EMTN programme |
Stabilisation: | |
Stabilisation Coordinator: Stabilising Managers: | Commerzbank AG BayernLB DekaBank Erste Group HSBC |
Stabilisation period expected to start on: | 2nd July 2018 |
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 Berlin 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 the United States or any other jurisdiction in which such distribution would be unlawful.
END