FRANKFURT - Deutsche Bank AG (NYSE:DB), Frankfurt has announced it may engage in stabilization activities for a new EUR 1 billion bond issued by the Federal State of Saxony-Anhalt. The 10-year senior unsecured bond, known as Landesschatzanweisung, with an ISIN code of DE000A4DE875, is expected to mature on January 29, 2035.
The stabilization period, which is the timeframe during which these activities may occur, began on Monday and is slated to end no later than February 21, 2025. During this period, the appointed Stabilisation Manager(s), including Barclays (LON:BARC), Deka, Deutsche Bank (ETR:DBKGn), NordLB, Rabo, and UniCredit, may over-allot securities or undertake transactions to support the market price of the bonds.
According to the announcement, the stabilization actions could lead to the market price of the bonds being higher than it might otherwise be, but there is no certainty that stabilization will occur. Any such activities will be conducted in compliance with all applicable laws and rules.
The size of the over-allotment facility is capped at 5% of the aggregate nominal amount of the bond issuance. The specific trading venues for stabilization have yet to be confirmed.
This announcement serves as a notice and does not constitute an offer to underwrite or acquire the securities. The offer is directed at persons outside the United Kingdom (TADAWUL:4280), as well as at professional investors and high net worth individuals within the UK, in accordance with the Financial Services and Markets Act 2000.
The securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold within the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
The information provided is based on a press release statement and is intended for informational purposes only, outlining the potential stabilization measures by Deutsche Bank and the conditions under which the new bond issue is made available to qualified investors.
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