FRANKFURT – Deutsche Bank AG (NYSE: ), Frankfurt announced that it may engage in stabilization activities for a new €1 billion bond issued by the federal state of Saxony-Anhalt. The 10-year senior unsecured bond, known as Landeschatzanweisung, with ISIN code DE000A4DE875, is expected to mature on January 29, 2035.
The stabilization period, which is the time frame during which these activities can take place, began on Monday and is expected to end no later than February 21, 2025. During this period, the designated stabilization manager(s), including Barclays (LON:), Deka, Deutsche Bank (ETR:), NordLB, Rabo and UniCredit, may over-allot securities or undertake transactions to support the market price of bonds.
As stated in the press release, stabilization actions could lead to the market price of bonds being higher than it would otherwise be, but it is not certain that stabilization will occur. All such activities will be conducted in accordance with all applicable laws and regulations.
The size of the possibility of over-allocation is limited to 5% of the total nominal amount of the issued bond. Specific trading venues for stabilization are yet to be confirmed.
This announcement serves as a notice and does not constitute an offer to take over or acquire securities. Offer is directed to persons outside the United States Kingdom (TADAWUL:), as well as professional investors and high net worth individuals within the United Kingdom, in accordance with the Financial Services and Markets Act 2000.
The securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold within the United States without registration or an exemption from registration. There will be no public offering of these securities in the United States.
The above information is based on a press release and is intended for informational purposes only, outlining potential stabilization measures by Deutsche Bank and the conditions under which the new bond issue is available to qualified investors.
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