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FRANKFURT - Commerzbank AG (OTC:CRZBY) has announced the successful issuance of two tranches of non-preferred senior notes, totaling €1.5 billion, under its Medium-Term Note (MTN (JO:MTNJ)) Programme. The bank confirmed that no stabilisation actions were taken by the stabilisation managers following the securities offering.
The first tranche consists of €750 million with a 5-year non-call 4-year (5NC4) structure, maturing on June 06, 2030, and carries a fixed interest rate of 3.125%. The second tranche, also amounting to €750 million, has a 9-year non-call 8-year (9NC8) structure, set to mature on June 06, 2034, with a fixed interest rate of 3.750%.
Commerzbank AG acted as the Stabilisation Coordinator, with a syndicate of banks including ABN AMRO (AS:ABNd), BMO Capital Markets, Danske Bank (CSE:DANSKE), Erste Group AG, and Natixis serving as Stabilisation Managers. The bank stated that the issuance was launched in accordance with the regulations set forth in the Market Abuse Regulation (EU Regulation 596/2014).
The announcement clarified that no stabilisation was undertaken, which is a process where underwriters may buy shares in the open market after a new offering to prevent the stock price from falling below the offering price.
This issuance is part of Commerzbank (ETR:CBKG)’s strategy to strengthen its capital structure and to ensure compliance with regulatory requirements. The securities have been assigned ISIN codes DE000CZ45ZU8 and DE000CZ45ZV6 for the 5NC4 and 9NC8 notes, respectively.
The bank has emphasized that this announcement is purely for informational purposes and is not an offer or invitation to underwrite, subscribe for, or acquire securities in any jurisdiction. Additionally, the announcement is not to be distributed in the United States or any other jurisdiction where such distribution would be considered unlawful.
Investors are reminded that this information is based on a press release statement from Commerzbank AG.
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