Commerzbank AG - Pre-Stabilisation notice
PR Newswire
LONDON, United Kingdom, October 24
The German State of North Rhine-Westphalia
EUR 1,000,000,000 5yr Notes
Pre-Stabilisation notice
24thOctober 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
