Commerzbank AG — Capital/Financing Update 2017

Jun 19, 2017

National Storage Mechanism | Additional information

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COMMERZBANK AG - Pre-stabilisation Sparebank1 Bolig € covered bond 2024

PR Newswire

London, June 19

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: +49 69 136 23492) 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: Stabilising Managers:	Commerzbank AG BNP Danske Bank DekaBank
Stabilisation period expected to start on:	19th June 2017
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:	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