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LONDON - Deutsche Bank AG (ETR:DBKGn) London has announced the conclusion of a GBP 250 million bond issue for Corebridge Global Funding without the execution of market stabilisation activities. The notes, which carry an interest rate of 5.125% and are due on December 9, 2029, were issued at a price of 99.597%.
The securities, identified by the ISIN XS3039165983, were offered with a spread of 120 basis points over the mid UKT 0.875% due October 22, 2029. Stabilisation efforts, which are measures taken by underwriters to support the price of a security after its initial offering, were not required according to the statement provided by the Stabilisation Manager(s), which included Barclays (LON:BARC), BNP Paribas (OTC:BNPQY) (BNPP), and Deutsche Bank (DB).
The completion of this financial transaction comes without the need for market stabilisation, which is typically intended to prevent the price of a new security from falling in the aftermarket. The absence of such measures can indicate that the offering was met with sufficient demand or favorable market conditions.
It is important to note that the securities mentioned have not been registered under the United States Securities Act of 1933 and are not offered or sold in the United States absent registration or an exemption from registration. Consequently, there has been no public offer of the securities in the United States.
This information is based on a press release statement and is provided for general informational purposes. It does not constitute an offer to buy or sell any securities or a solicitation of an offer to buy or sell any securities in any jurisdiction.
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