Commerzbank AG Pre-stab ESM 0.75% EUR 1.5bn Tap 2027

 
TIDMCZB 
 
Pre-Stabilisation notice 
 
12 June 2018 
 
Not for distribution, directly or indirectly, in or into the United States or 
any jurisdiction in which such distribution would be unlawful. 
 
                      European Stability Mechanism (ESM) 
 
                0.75% EUR 1.5bn senior, unsecured Tap due 2027 
 
Stabilisation Notice 
 
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: [phone]) 
hereby announces that the Stabilising Managers named below may stabilise the 
offer of the following securities in accordance with Commission Regulation (EC) 
No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC). 
 
The security to be stabilised: 
 
Issuer:                            ESM 
 
Guarantor (if any):                none 
 
ISIN                               EU000A1Z99B9 
 
Aggregate nominal amount:          EUR 1.5 billion 
 
Description:                       Senior, unsecured increase due 15 March 
                                   2027 
 
Offer price:                       tbc 
 
Other offer terms:                 Coupon 0.75%; denoms EUR 0.01 and multiples 
                                   thereof, settlement 19 June 2018, ISIN 
                                   EU000A1Z99B9 
 
Stabilisation: 
 
Stabilisation coordinator:         Commerzbank AG 
Stabilising Managers:              BofA Merrill Lynch 
                                   HSBC 
 
Stabilisation period commences     12 June 2018 
 
Stabilisation period expected to   No later than 30 days after the proposed 
end on:                            issue date of the securities 
 
Existence, maximum size and        The Stabilising Managers may over-allot the 
conditions of use of               securities to the extent permitted in 
over-allotment facility.           accordance with applicable law. 
 
In connection with the offer of the above securities, the Stabilising Managers 
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 Managers 
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 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 
 
 
 
END 
 

(END) Dow Jones Newswires

June 12, 2018 06:17 ET (10:17 GMT)