Commerzbank AG - Pre-Stabilisation notice
PR Newswire
LONDON, United Kingdom, October 08
Pre-Stabilisation notice
October 8, 2024
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Erste Group Bank AG
EUR T2 10.25NC5.25 subordinated callable fixed rate reset 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: | Erste Group Bank AG |
| Guarantor (if any): | none |
| Aggregate nominal amount: | EUR benchmark |
| Description: | T2 subordinated callable Notes due 15 January 2035, reset date 15th Jan 2030 |
| Offer price: | tbc |
| Other offer terms: | notes are expected to be rated Baa1/BBB+/BBB+ (Moody's/S&P/Fitch) |
| Stabilisation: | |
Stabilisation Coordinator: Stabilising Managers: | Commerzbank AG BofASecurities CACIB Erste Group ING UniCredit |
| Stabilisation period expected to start on: | October 8, 2024 |
| 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: | Vienna (Official 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.
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