Commerzbank AG Pre-stabilisation Sparebank1 Bolig EUR covered bond 2024

 
TIDMCZB 
 
Pre-Stabilisation notice 
 
19th June 2017 
 
Not for distribution, directly or indirectly, in or into the United States or 
any jurisdiction in which such distribution would be unlawful. 
 
                          SpareBank 1 Boligkreditt AS 
 
                  EUR fixed Norwegian Covered Bonds due 2024 
 
Pre-Stabilisation Notice 
 
Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: [phone]) 
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:                            SpareBank 1 Boligkreditt AS 
 
Guarantor (if any):                none 
 
Aggregate nominal amount:          EUR benchmark 
 
Description:                       Norwegian covererd bonds, backed by 
                                   residential Norwegian mortgages, LCR 1 
                                   eligible 
 
Offer price:                       tbc 
 
Other offer terms:                 fixed, due 26th June 2024 (soft bullet), 
                                   payment date 26th June, denoms 100k/1k, 
                                   listing Luxembourg 
 
Stabilisation: 
 
Stabilisation Coordinator:         Commerzbank AG 
Stabilising Managers:              BNP 
                                   Danske Bank 
                                   DekaBank 
 
Stabilisation period expected to   19th June 2017 
start on: 
 
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. 
 
Stabilisation trading venue:       Luxembourg 
 
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 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 
 
 
 
END 
 

(END) Dow Jones Newswires

June 19, 2017 04:17 ET (08:17 GMT)