UK markets open in 1 hour 41 minutes
  • NIKKEI 225

    30,175.08
    +503.38 (+1.70%)
     
  • HANG SENG

    30,273.42
    +555.18 (+1.87%)
     
  • CRUDE OIL

    63.30
    +0.08 (+0.13%)
     
  • GOLD FUTURES

    1,795.40
    -2.50 (-0.14%)
     
  • DOW

    31,961.86
    +424.51 (+1.35%)
     
  • BTC-GBP

    35,677.41
    -214.42 (-0.60%)
     
  • CMC Crypto 200

    1,008.28
    +13.61 (+1.37%)
     
  • ^IXIC

    13,597.97
    0.00 (0.00%)
     
  • ^FTAS

    3,795.06
    +23.72 (+0.63%)
     

COMMERZBANK AG - Pre-stabilisation EFSF € 2bn Tap due 2027

·2-min read

Pre-Stabilisation notice

1st February 2021

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

European Financial Stability Facility (“EFSF”)

0% € 2 billion Tap due 2027

Pre-Stabilisation Notice

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 6913620) 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:

European Financial Stability Facility (“EFSF”)

Guarantor (if any):

several Eurozone member countries

Aggregate nominal amount:

€ 2,000,000,000 (increase)

Description:

0% reopening due 13 October 2027

Offer price:

tbc

Other offer terms:

payment date 8 Feb 2021, denoms 1k

Stabilisation:

Stabilisation Coordinator:
Stabilising Managers:

Commerzbank AG
CACIB
UniCredit

Stabilisation period expected to start on:

1st February 2021

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 Stock Exchange's 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