REG-Commerzbank AG: Kreditanstalt fuer Wiederaufbau (KfW) € 1 bn Green tap due 2032 - pre-stabilisation notice

COMMERZBANK AGAnnouncement

02/11/2023 08:30

Pre-Stabilisation notice

 

November 2, 2023

 

Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.

 

 

Kreditanstalt fuer Wiederaufbau (KfW)

€ 1 bn Green tap due 2032

 

Pre-Stabilisation Notice

 

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:                                                                    Kreditanstalt fuer Wiederaufbau (KfW)                                                                                      
 Guarantor (if any):                                                        Federal Republic of Germany                                                                                                
 Aggregate nominal amount:                                                  EUR 1 billion                                                                                                              
 Description:                                                               1.375 % Green tap due 2032                                                                                                 
 Offer price:                                                               tbc                                                                                                                        
 Other offer terms:                                                         maturity 7 June 2032; coupon 1.375%; Rating Aaa/AAA/AAAall stable; issued under the issuer's EMTN programme, denoms 1k/1k  
 Stabilisation:                                                                                                                                                                                        
 Stabilisation Coordinator: Stabilising Managers:                           Commerzbank Aktiengesellschaft Barclays Danske Bank                                                                        
 Stabilisation period expected to start on:                                 2 nd November 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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