Pre-Stabilisation notice
16th January 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Deutsche Pfandbriefbank - Pbb
€ 500,000,000 senior, unsecured Notes due 2022
Pre-Stabilisation Notice
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) hereby announces, as Stabilisation Coordinator, that the Stabilising Managersnamed 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: | Deutsche Pfandbriefbank AG |
| Guarantor (if any): | none |
| Aggregate nominal amount: | € 500,000,000 (no grow) |
| Description: | senior, unsecured Notes due 23rd February 2022 |
| Offer price: | tbd |
| Other offer terms: | payment date 23rd Feb 2018; listing Munich, denoms 100k/100k, DIP programme, Rating: BBB-/BBB (S&P/DBRS) |
| Stabilisation: | |
| Stabilisation Coordinator: Stabilising Managers: | Commerzbank AG Bayerische Landesbank DZ Bank Nomura UniCredit |
| Stabilisation period expected to start on: | 16th January 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 Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
| Stabilisation trading venue: | Munich regulated market |
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
