Company Announcements

 

13 th March 2024

 

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

 

 

The German State of North Rhine-Westfalia (Land NRW)

EUR 1,000,000,000 30y benchmark transaction

 

 

Pre-Stabilisation Notice

 

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 136-20) 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:                                North Rhine-Westfalia

Guarantor (if any):                    none

Aggregate nominal amount:              EUR 1,000,000,000

Description:                           benchmark, senior, unsecured

Offer price:                           tbc

                                       Fixed rate due 20th March 2054, under
Other offer terms:                     the issuer's EMTN programme, denoms
                                       1k/1k, payment date 20th March 2024

Stabilisation:

                                       Commerzbank AGBarclays Bank Ireland plc
Stabilisation Coordinator:
                                       Citigroup
Stabilising Managers:
                                       JP Morgan SE

                                       Morgan Stanley Europe SE

Stabilisation period expected to start 13th March 2024
on:

Stabilisation period expected to end   no later than 30 days after the proposed
on:                                    issue date of the securities

Existence, maximum size and conditions The Stabilising Managers may over-allot
of use of over-allotment facility.     the securities to the extent permitted
                                       in accordance with applicable law.

Stabilisation trading venue:           Duesseldorf 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