LONDON – Bank of Montreal Europe plc has initiated a pre-stabilization notice for the securities of Landeskreditbank Baden-Württemberg – Förderbank (L-Bank), signaling potential market interventions to support the price of the securities after issuance. The stabilization period began today and is expected to last no longer than 30 days after the proposed securities issuance date.
The subject securities are US$300 million in floating rate SOFR bonds due January 14, 2028, offered at a rate of 101.811%. Bank of Montreal Europe plc acts as Stabilization Manager and may over-allot or transact in order to maintain the market price of the securities. However, there is no guarantee that stabilization activities will occur, and if they do, they may be discontinued at any time.
Stabilization maneuvers, if undertaken, must be conducted in accordance with all relevant regulatory standards, including Commission Delegated Regulation EU 2016/1052, which supplements Regulation (EU) no. 596/2014 technical standards for such measures.
This announcement is directed to entities outside the United States Kingdom (TADAWUL:) or those within it who have professional investment experience or are high net worth individuals as defined by the Financial Services and Markets Act 2000. The information is for informational purposes only and does not constitute an offer to take over, subscribe to, or acquire any securities. papers.
The Offer and this announcement are also intended for qualified investors in the European Economic Area in accordance with the Prospectus Regulation (EU) 2017/1129. The securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
This stabilization notice is based on a public statement and is distributed in accordance with the Financial Conduct Authority’s guidelines as a provider of primary information in the United Kingdom. Terms relating to the distribution of this information may apply.
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