REG-Commerzbank AG: Pre-Stabilisation notice

COMMERZBANK AGAnnouncement

24/10/2023 13:30

The German State of North Rhine-Westphalia

EUR 1,000,000,000 5yr Notes

Pre-Stabilisation notice

 

24th October 2023

 

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

 

 

The German State of North Rhine-Westphalia

EUR 1,000,000,000 5yr Notes

 

 

Pre-Stabilisation Notice

 

Commerzbank AG (contact: [Daniela Olt-Farrelly; telephone: +49 69 136-20)
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:                                                                    Federal State of North Rhine-Westphalia (LAND NRW)                                                                 
 Guarantor (if any):                                                        none                                                                                                               
 Aggregate nominal amount:                                                  EUR 1 billion                                                                                                      
 Description:                                                               5yr senior, unsecured Notes                                                                                        
 Offer price:                                                               tbc                                                                                                                
 Other offer terms:                                                         Fixed coupon, maturity 31 Oct 2028, denoms 1k/1k, payment date 31 Oct 2023                                         
 Stabilisation:                                                                                                                                                                                
 Stabilisation Coordinator: Stabilising Managers:                           Commerzbank AG Danske Bank Goldman Sachs Bank Europe HSBC UniCredit                                                
 Stabilisation period expected to start on:                                 October 24, 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:                                               Duesseldorf regulated market                                                                                       

 

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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