| Open: | - |
| Change: | - |
| Volume: | - |
| Low: | - |
| High: | - |
| High / Low range: | - |
| Type: | Stocks |
| Ticker: | CBK |
| ISIN: | DE000CBK1001 |
COMMERZBANK AG - Pre-stab Rentenbank € 500mn tap due 2030
- 410
- 03/30/2023 - 07:39
PR Newswire
London, March 30
Pre-Stabilisation notice
March 30, 2023
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Landwirtschaftliche Rentenbank
EUR 500mil increase to the outstanding EUR1.5bn 3.25% Notes due 06 September 2030
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13620) 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: | Landwirtschaftliche Rentenbank |
| Guarantor (if any): | Federal Republic of Germany |
| Aggregate nominal amount: | EUR 500 million increase |
| Description: | Fixed rate, senior unsecured Notes |
| Offer price: | tbc |
| Other offer terms: | 3.25% Notes due 06 September 2030, payment date 06 April 2023, under the issuer’s EMTN programme. ISIN: XS2595650222 |
| Stabilisation: | |
| Stabilisation Coordinator: Stabilising Managers: |
Commerzbank Aktiengesellschaft Barclays Bank Bayern LB Danske Bank |
| Stabilisation period expected to start on: | March 30, 2023 |
| 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 |
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.
END
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