REG-Commerzbank AG: Pre-stab Rentenbank € 500mn tap due 2030

COMMERZBANK AGAnnouncement

30/03/2023 08:45

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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