COMMERZBANK AG (London Branch) - Pre Stabilisation - Commerzbank AG dual Snr Pref 5&10yr
PR Newswire
London, August 21
Pre-Stabilisation notice
August 21 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Commerzbank Aktiengesellschaft
€ Benchmark Fixed Rate Senior Preferred due 28 August 2023
€ 500,000,000 Fixed Rate Senior Preferred due 28 August 2028
Launched pursuant to the Issuer's MTN Programme, dated 16 August 2018
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: | Commerzbank AG |
| Guarantor (if any): | none |
| Aggregate nominal amount: | 5yr EUR benchmark 10yr EUR 500,000,0000 |
| Description: | EUR 5 year Benchmark Senior Preferred and EUR 500mil 10yr Senior Preferred |
| Offer price: | tbc |
| Other offer terms: | Fixed coupon, expected ratings: A1 stbl (Moody's)/A- negative (S&P)/A- (Fitch) |
| Stabilisation: | |
| Stabilisation Coordinator: Stabilising Managers: | Commerzbank AG Barclays Bank plc BNP Paribas Deutsche Bank AG, London Branch UBS AG |
| Stabilisation period expected to start on: | 21 August 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: | Frankfurt 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 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.
