COMMERZBANK AG - Pre-stab North-Rhine Westfalia USD benchmark 2022
PR Newswire
London, July 15
Pre-Stabilisation notice
July 15, 2019
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
German State of North Rhine-Westphalia USD Benchmark senior, unsecured due 2022
Pre-Stabilisation Notice
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: -49 69 136 23492) 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: | German State of North Rhine-Westphalia |
| Guarantor (if any): | none |
| Aggregate nominal amount: | USD benchmark |
| Description: | Fixed rate RegS bearer bonds |
| Offer price: | tbc after pricing |
| Other offer terms: | Maturity 25 July 2022, payment date 25 July 2019, denoms 100k/100k, listing Luxembourg |
| Stabilisation: | |
| Stabilisation Coordinator: Stabilising Managers: | Commerzbank AG BMO Capital Markets J.P. Morgan Scotiabank TD Securities |
| Stabilisation period expected to start on: | 15th July 2019 |
| 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: | Luxembourg regulated markets |
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.
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