REG - Deutsche Bank AG FF Italy(Republic of) - Pre-Stabilisation Notice

Societe Generale SAAnnouncement

23/05/2023 09:30

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RNS Number : 3352A  Deutsche Bank AG, Frankfurt  23 May 2023

23. May 2023

 

Not for distribution, directly or indirectly, in or into the United States or

any jurisdiction in which such distribution would be unlawful.

 

 

Republic of Italy

(the Issuer)

 

 

Pre-stabilisation Period Announcement

 

Deutsche Bank AG, Frankfurt (contact: Debt Syndicate, Phone Nr. +44 207 547
6885) hereby gives notice, as Stabilisation Coordinator, that the
Stabilisation Manager(s) 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/596/2014).

 

 

 The Securities:

 Issuer:                                                 Republic of Italy

 Guarantor (if any):                                     none

 Aggregate nominal amount:                               EUR tbc

 Description:                                            15yr BTPei EUR Benchmark due 15 May 2039

 ISIN Code:                                              tbc

 Issue/offer price:                                      tbc

 Stabilisation:

 Stabilising Manager(s):                                 Barclays

                                                         Citigroup

                                                         Deutsche Bank

                                                         J.P. Morgan

                                                         Societe Generale

 Stabilisation period                                    23/05/2023

 expected to start on:

 Stabilisation period                                    20/06/2023

 expected to end no later than:

 Existence, maximum size and conditions of use of over-  The Stabilisation Manager(s) may over-allot the securities in an amount not

allotment facility:                                    exceeding 5% of the aggregate nominal amount stated above.

 Stabilisation trading venue(s)                          tbc

 

 

In connection with the offer of the above securities, the Stabilisation
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 and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United Kingdom.

 

In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, the UK or any
EEA Member State before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in the UK or
that Member State in accordance with Regulation (EU) 2017/1129 (the
"Prospectus Regulation") (or which has been approved by a competent authority
in another Member State and notified to the competent authority in the UK or
that Member State in accordance with the Prospectus Regulation), this
announcement and the offer are only addressed to and directed at persons in
the UK or that Member State who are qualified investors within the meaning of
the Prospectus Regulation (or who are other persons to whom the offer may
lawfully be addressed) and must not be acted on or relied on by other persons
in the UK or that Member State.

 

This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration. There
will be no public offer of securities in the United States.

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