Bank of Montreal Pre-Stabilisation Notice (1143D)

TIDM94DW TIDM92PW

RNS Number : 1143D

Bank of Montreal

23 October 2020

pre-Stabilisation Announcement

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

European Bank for Reconstruction and Development

Pre-Stabilisation Notice

Bank of Montreal, London Branch (contact: Edward Mizuhara; telephone: [phone]) hereby gives notice that the Stabilising Manager named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to stabilisation measures.

 
 The securities: 
 Issuer:                      European Bank for Reconstruction and Development 
                             -------------------------------------------------- 
 Guarantor (if any):          N/A 
                             -------------------------------------------------- 
 Aggregate nominal            TBA 
  amount: 
                             -------------------------------------------------- 
 Description:                 USD 100,000,000 0.250 Notes due 10 July 2023 
                               (to be consolidated and form a single series 
                               with the Issuer's USD 1,500,000,000 0.250 
                               Notes due 10 July 2023 issued on 10 July 
                               2020, the Issuer's USD 120,000,000 Notes 
                               due 10 July 2023 issued on 27 August 2020, 
                               the Issuer's USD 100,000,000 Notes due 10 
                               July 2023 issued on 4 September 2020, the 
                               Issuer's USD 50,000,000 Notes due 10 July 
                               2023 issued on 15 October 2020, the Issuer's 
                               USD 100,000,000 Notes due 10 July 2023 to 
                               be issued on 28 October 2020 and the Issuer's 
                               USD 130,000,000 Notes due 10 July 2023 to 
                               be issued on 29 October 2020) 
                             -------------------------------------------------- 
 Offer price:                 99.996% 
                             -------------------------------------------------- 
 Other offer terms:           TBA 
                             -------------------------------------------------- 
 
 
   Stabilisation: 
 Stabilising Manager:         Bank of Montreal, London Branch 
                             -------------------------------------------------- 
 Stabilisation period         23 October 2020 
  expected to start 
  on: 
                             -------------------------------------------------- 
 Stabilisation period         30 days after the proposed issue date of 
  expected to end no           the securities 
  later than: 
                             -------------------------------------------------- 
 Existence, maximum           The Stabilising Manager may over-allot the 
  size and conditions          securities to the extent permitted in accordance 
  of use of over-allotment     with applicable law. 
  facility: 
                             -------------------------------------------------- 
 

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended 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 material was produced by Bank of Montreal, London Branch, a firm authorised by the Prudential Regulation Authority and regulated by The Financial Conduct Authority and the Prudential Regulation Authority. 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, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in 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 that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in 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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

STAMJBFTMTMTBLM

(END) Dow Jones Newswires

October 23, 2020 12:13 ET (16:13 GMT)