FRANKFURT – Hamburg Commercial Bank AG (HCOB) announced the price range for the new 5-year Senior Preferred (SP) bond in euros, with the initial price (IPT) set at the middle swap (MS) plus an area of 150 basis points. He published the post Deutsche Bank AG (NYSE:), Frankfurt, as Stabilization Coordinator, January 22, 2025.
The bank has not yet announced the total nominal amount of the bond, which has been assigned the International Securities Identification Number (ISIN) DE000HCB0CC8. The stabilization period, during which the price of securities could be supported, is expected to start today and could last until March 5, 2025.
A consortium of banks, including Citi, Crédit Agricole CIB, Deutsche Bank (ETR:), Jefferies and Morgan Stanley (NYSE:), has been appointed as Stabilization Manager. These institutions may over-allot securities or undertake transactions with the intent of maintaining the market price of the bonds at levels above those that might otherwise prevail in the market. However, there is no guarantee that stabilization activities will continue, and if initiated, they may be discontinued at any time.
The release clarifies that any stabilization or over-allotment actions must be conducted in accordance with all applicable laws and regulations. Specific trading venues for stabilization are yet to be confirmed.
This pre-stabilization period announcement is for informational purposes only and does not constitute an invitation or offer to acquire, subscribe or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The Securities are being offered only to qualified investors and certain other persons in accordance with the European Union Prospectus Regulation and the United Kingdom Prospectus Regulation, as applicable.
The securities mentioned in this announcement have not been and will not be registered under the United States Securities Act of 1933 and therefore may not be offered or sold in the United States without registration or an exemption from registration. It also means that there will be no public offering of securities in the United States.
The information provided in this article is based on a press release, which ensures an unbiased presentation of the facts surrounding the new Hamburg Commercial Bank AG bond issue.
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