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Share Name Share Symbol Market Type Share ISIN Share Description
Commerzbank Ord LSE:CZB London Ordinary Share DE000CBK1001 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 € +0.00% 6.7025 € 6.60 € 6.805 € - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks - - - - 4,404.76

COMMERZBANK AG - Pre-Stab Commerzbank AG: Senior Preferred due 2024

21/05/2019 9:02am

PR Newswire (US)


Commerzbank Ord (LSE:CZB)
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1 Month : From May 2019 to Jun 2019

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Pre-Stabilisation notice

21 May 2019

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

Commerzbank AG

Fixed rate € preferred senior Notes due 2024

Pre-Stabilisation Notice

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) 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: Commerzbank AG
Guarantor (if any): none
Aggregate nominal amount: tbc
Description: Senior preferred fixed rate notes due 28 May 2024
Offer price: tbc
Other offer terms: settlement 28 May 2019, denoms 1k/1k, listing Frankfurt under the issuer’s € 40 million MTN programme
Stabilisation:
Stabilisation Coordinator:
Stabilising Managers:
Commerzbank AG
ABN Amro
BayernLB
Deutsche Bank
Natixis
Stabilisation period expected to start on: 21 May 2019
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: Frankfurt SE, 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 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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