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FRANKFURT - Commerzbank AG (OTC:CRZBY) has announced the potential stabilization of two sets of Euro-denominated senior non-preferred notes, with the stabilization period commencing today. The bank, acting as the Stabilisation Coordinator, alongside other Stabilising Managers, may engage in transactions to support the market price of the securities.
The securities in question are the 5NC4 and 9NC8 EUR Benchmark Fixed-to-Floating Non-Preferred Senior Notes. These notes have been launched under Commerzbank (ETR:CBKG)’s Medium Term Note (MTN) program, with the offer price and aggregate nominal amount to be confirmed.
Stabilization activities, if commenced, are expected to last no longer than 30 days following the issue date of the securities. The transactions may include over-allotment of securities, conducted in accordance with applicable laws, aiming to maintain the market price at a level higher than what might otherwise prevail.
The Frankfurt Stock Exchange, Regulated Market, will serve as the trading venue for any stabilization trading. It is important to note that while the Stabilising Managers have the capacity to over-allot, there is no guarantee that stabilization will occur, and if initiated, it may be discontinued at any time.
The announcement serves as a pre-stabilisation notice and does not constitute an offer to underwrite or subscribe for securities. Additionally, it has been clarified that this information should not be distributed in the United States or any jurisdiction where such distribution would be unlawful.
Investors are paying close attention to these developments, as stabilization measures can influence market perceptions and pricing of the securities involved. This news is based on a press release statement and is intended for informational purposes only.
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