FRANKFURT - Deutsche Bank AG (NYSE:DB), Frankfurt, acting as the Stabilisation Coordinator, has announced the possibility of market stabilization activities for a new issue of Greek government bonds. The stabilization period commenced today and is expected to last until February 14, 2025.
The securities in question are senior unsecured notes issued by the Hellenic Republic, with an aggregate nominal amount yet to be confirmed, and are due on June 15, 2035. The notes, bearing the ISIN Code GR0124041758, are part of a benchmark size offering, with the issue or offer price to be announced.
A consortium of Stabilisation Managers, including BofA Securities Europe SA, Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, Goldman Sachs Bank Europe SE, Morgan Stanley (NYSE:MS), National Bank of Greece, and Societé Generale, have been appointed for the potential stabilization process. These institutions may engage in transactions to support the market price of the securities at levels higher than those that might otherwise prevail. However, there is no certainty that stabilization will occur, and if initiated, it may be discontinued at any time.
In addition, the Stabilisation Managers have the option to over-allot securities, a common practice intended to create a buffer for price stabilization, but not exceeding 5% of the aggregate nominal amount of the issue.
This pre-stabilisation announcement is intended purely for informational purposes and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. It is directed at persons with professional experience in investment matters and high net worth individuals in the UK, as well as qualified investors in the UK and the EEA as per the Prospectus Regulation.
The securities mentioned have not been, nor will be, registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
The information provided is based on a press release statement from Deutsche Bank AG, Frankfurt.
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