COMMERZBANK AG - Pre-Stabilisation KfW 1.5% Global Tap 2024

Dienstag, 18.10.2016 10:05 von

PR Newswire

Pre-Stabilisation notice

October 18, 2016

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

Kreditanstalt fuer Wiederaufbau (KfW)

1.5% € 1bn Global Tap senior, unsecured due 2024

Pre-Stabilisation Notice

Commerzbank AG (contact: Klaus-Peter Eitel; telephone: +49 69 136 21668) 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: KfW
Guarantor (if any): Republic of Germany
Aggregate nominal amount: EUR 1,000,000,000
Description: Global, senior, unsecured Notes
Offer price: tbc
Other offer terms: 1.5% Global due 11th June 2024, settlement 25th October 2016, denoms 1k, stand alone
Coordinating Stabilising Manager:
Stabilising Managers:
Commerzbank AG
Deutsche Bank
Stabilisation period expected to start on: 18th October 2016
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 Stock Exchange

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 countries  in which such distribution would be unlawful.