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COMMERZBANK AG (London Branch) - Pre Stabilisation Eika Boligkreditt EUR500mil 7yr

Pre-Stabilisation notice

05 March 2020

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

Eika Boligkreditt AS

EUR500mil (no grow) Fixed Rate Notes due 12 March 2027

Launched pursuant to the Issuer’s Euro Medium Term Covered Note Programme, dated 11 October 2019.


Commerzbank AG (contact: Ian Turner, telephone: +44 207 475 1817) 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: Eika Boligkreditt AS
Guarantor (if any): n/a
Aggregate nominal amount: EUR 500,000,000 (no grow)
Description: Fixed Rate Notes due March 2027
Offer price: tbc
Other offer terms: payment date 12 March 2020, denoms 100k/1k, listing Dublin. Issued off EMTN Programme.
Stabilisation Coordinator:
Stabilising Managers:
Commerzbank AG
Banco Santander SA
Credit Agricole Corporate & Investment Bank
Deutsche Bank AG, London Branch
Stabilisation period expected to start on: 05 March 2020
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: Euronext Dublin

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.