Pre-Stabilisation notice
19th February 2019
Not for distribution, directly or
indirectly, in or into the United
States or any jurisdiction in which such distribution would
be unlawful.
Kreditanstalt für Wiederaufbau
EUR
1,000,000,000 senior, unsecured Tap due 2028
Pre-Stabilisation Notice
Commerzbank AG (contactDaniela Olt-Farrelly; telephone: +49 69
13623492) 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: |
KFW |
Guarantor (if
any): |
Federal Republic of
Germany |
Aggregate nominal
amount: |
EUR 1 billion (new
total € 5 billion) |
Description: |
0.75 % Global SEC
registered bonds due 28 June 2028 |
Offer price: |
tbc |
Other offer terms: |
settlement 26 Feb 2019,
denoms 1k/1k, listing Frankfurt |
Stabilisation: |
Stabilisation Coordinator:
Stabilising Managers: |
Commerzbank AG
Barclays Bank plc
JP Morgan Securities |
Stabilisation period
expected to start on: |
19th
February 2019 |
Stabilisation period
expected to end on: |
no later than 30 days
after the proposed issue date of the securities |
Existence, maximum size
and conditions of use of over-allotment facility. |
The Stabilising
Managers may over-allot the securities to the extent permitted in
accordance with applicable law. |
Stabilisation trading
venue: |
Frankfurt 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 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.