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COMMERZBANK AG - Pre Stabilisation - SR-Boligkreditt AS EUR 10yr Covered

·2-min read

Pre-Stabilisation notice

02 March 2021

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

SR-Boligkreditt AS (SRBANK)

EUR Benchmark 10 year Covered Bond

Launched under the Issuer’s Euro Medium Term Covered Note Programme, dated 10 June 2020.

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:

SR-Boligkreditt AS (SRBANK)

Guarantor (if any):

none

Aggregate nominal amount:

EUR Benchmark

Description:

10 year Covered Bond backed by prime Norwegian residential mortgages (ECBC Covered Bond label compliant)

Offer price:

tbc

Other offer terms:

payment date {tba}, listing Luxembourg,

Stabilisation:

Stabilisation coordinator:
Stabilising Managers:

Commerzbank AG
Citigroup Global Markets
Danske Bank A/S
Nordea Bank Danmark A/S
Norddeutsche Landesbank Girozentrale

Stabilisation period expected to start on:

03 March 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, 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