Pre-Stabilisation notice
October 8, 2015
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Deutsche Pfandbriefbank AG
€ 500,000,000 fixed rate, senior, unsecured Notes due 2018
Stabilisation Notice
Commerzbank AG (contact: Denis Rath; telephone: +44 20 7475 3066) hereby announces that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).
| The security to be stabilised: | |
| Issuer: | Deutsche Pfandbriefbank AG |
| Guarantor (if any): | none |
| ISIN | DE000A13SWA4 |
| Aggregate nominal amount: | € 500,000,000 |
| Description: | € 500mn senior, unsecured due 15th Jan 2018 |
| Offer price: | tbc |
| Other offer terms: | Fixed coupon, maturity 15th Jan 2018, Rating BBB (S&P)/BBB (DBRS), listing Munich, denoms 1k |
| Stabilisation: | |
| Coordinating Stabilisation Manager: Stabilising Managers: | Commerzbank AG BayernLB BNP Paribas Danske Bank NordLB |
| Stabilisation period commences | October 8, 2015 |
| 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. |
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 at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended 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
