COMMERZBANK AG (London Branch) - Pre Stablisation GlobalDrive Auto Receivables
London, October 12
12th October 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
GlobalDrive Auto Receivables 2018 B.V.
EUR 750mil Class A Floating Rate Notes due 20 September 2026 (XS1881005547)
EUR 24.4mil Class B Floating Rate Notes due 20 September 2026
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:||GlobalDrive Auto Receivables 2018 B.V.|
|Guarantor (if any):||none|
|Aggregate nominal amount:||EUR750mil Class A Notes|
EUR24.4mil Class B Notes
|Description:||EUR750mil Class A Notes Frn due 2026|
EUR24.4mil Class B Notes Frn due 2026
|Offer price:||Class A Notes: 100.35|
Class B Notes: 100.00
|Other offer terms:||Legal maturity 20 September 2026, listing Euronext Dublin, denoms 100k/1k|
Lloyds Bank plc
|Stabilisation period expected to start on:||11 October 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:||Euronext Dublin|
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.