Commerzbank AG Sparebank 1 SMN EUR FRN 17/20

 
TIDMCZB 
 
Pre-Stabilisation notice 
 
2 November 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 SMN 
 
                        EUR Senior Unsecured FRN due 2020 
 
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 SMN 
 
Guarantor (if any):                none 
 
Aggregate nominal amount:          EUR 250 million (expected) 
 
Description:                       senior, unsecured Floating Rate Notes due 
                                   November 2020 
 
Offer price:                       tbc 
 
Other offer terms:                 Coupon 3m-Euribor + 50bp; settlement 9th 
                                   November 2017, 3month Euribor; denoms 100k/ 
                                   1k, listing Luxembourg 
 
Stabilisation: 
 
Stabilisation Coordinator:         Commerzbank AG 
Stabilising Managers:              Danske Bank 
                                   DekaBank 
 
Stabilisation period expected to   2nd November 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

November 02, 2017 04:24 ET (08:24 GMT)