Commerzbank AG — Capital/Financing Update 2022

Mar 8, 2022

National Storage Mechanism | Additional information

COMMERZBANK AG (London Branch) - Pre Stabilisation - KfW increase of 2026 and 2031 Notes

PR Newswire

London, March 8

Pre-Stabilisation notice

March 8, 2022

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)

EUR 1bn increase of 0.00% Notes due 15 June 2026

EUR 1bn increase of 0.00% Notes due 10 January 2031

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 136-20) 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):	Federal Republic of Germany
Aggregate nominal amount:	EUR 1bn increase of 2026 Notes EUR 1bn increase of 2031 Notes
Description:	0.00% Notes due 15 June 2026 0.00% Notes due 10 January 2031 Both fully fungible on payment date
Offer price:	tbc tbc
Other offer terms:	Rating Aaa/AAA/AAA, off the issuer’s EMTN programme, payment date 15 March 2022, denoms 1k/1k
Stabilisation:
Stabilising coordinator: Stabilising Managers:	Commerzbank AG Citigroup Global Markets UniCredit Bank AG
Stabilisation period expected to start on:	08 March 2022
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, regulated market

In connection with the offer of the above securities, the Stabilising Manager(s) 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 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