FRANKFURT – Deutsche Bank AG (NYSE:), as the stabilization coordinator, has announced the potential stabilization of Kreditanstalt für Wiederaufbau’s (KfW) new €3 billion senior unsecured notes, with the backing of the Federal Republic of Germany as the guarantor. The notes, due January 17, 2035, have been assigned the International Securities Identification Number (ISIN) DE000A383TE2.
The stabilization period, which began today, is expected to continue until February 7, 2025. During this time, stabilization managers, including BNP Paribas (OTC:), BofA Securities Europe SA, Deutsche Bank (ETR:) Aktiengesellschaft, and Goldman Sachs (NYSE:) Bank Europe SE, may undertake transactions to support the market price of the securities at levels higher than those that might otherwise prevail in the market. However, there is no guarantee that stabilization activities will take place, and if initiated, they may be discontinued at any time.
In accordance with the regulatory framework, the stabilization managers are authorized to over-allot securities by up to 5% of the aggregate nominal amount. The specific conditions and maximum size of this over-allotment facility will be determined by the stabilization managers.
The announcement emphasizes that these securities are not being offered or sold within 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 U.S. absent registration or an exemption from registration requirements.
This financial maneuver is aimed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:), with a clear directive that the information should not be acted upon or relied upon by other persons in the UK. Similarly, in the EEA Member States, the offer is directed exclusively at qualified investors.
The information regarding the stabilization of KfW’s notes is based on a press release statement and is provided for informational purposes only, not constituting an offer to underwrite, subscribe for, or acquire securities. The London Stock Exchange (LON:)’s news service, RNS, approved by the Financial Conduct Authority in the UK, has disseminated this information.
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