FRANKFURT - Deutsche Bank AG (NYSE:DB) has announced that it will act as the Stabilisation Coordinator for Kreditanstalt für Wiederaufbau's (KfW) upcoming senior unsecured notes, with a stabilisation period commencing today. The bonds, backed by the Federal Republic of Germany, are set to mature on April 11, 2028, and carry the ISIN code DE000A383TD4.
The stabilization measures, which are part of the market practice to support the price of a new security after its initial sale, may include over-allotment of the securities, not exceeding 5% of the aggregate nominal amount. The stabilisation period is expected to last until February 7, 2025. However, there is no guarantee that stabilization will occur, and if initiated, it may end at any time.
The specific terms of the offer, including the aggregate nominal amount and issue/offer price, have yet to be announced. The stabilization will be managed by a syndicate including BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, and Goldman Sachs Bank Europe SE.
The announcement clarified that the securities are not being offered or sold in the United States and have not been registered under the United States Securities Act of 1933. As such, the securities may not be offered or sold in the United States absent registration or an exemption from registration. The offer is directed only at persons outside the United Kingdom (TADAWUL:4280), professional investors in the UK, and high net worth individuals as specified under the Financial Services and Markets Act 2000.
This action follows regulatory practices as outlined by the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014). The information is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite or acquire securities.
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