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FRANKFURT - Deutsche Bank AG (ETR:DBKGn) has initiated a stabilization plan for Lottomatica Group S.p.A.’s newly issued senior secured fixed-rate notes, according to a statement released today. The bank may execute transactions to support the market price of the securities, which could otherwise fluctuate.
The securities in question are EUR 1.1 billion senior secured fixed-rate notes with a 4.875% interest rate, maturing in 2031. Deutsche Bank AG, serving as the Stabilising Manager, has the option to over-allot or conduct market transactions to stabilize the notes’ prices from today until no later than May 22, 2025. The over-allotment facility is capped at 5% of the aggregate nominal amount of the notes.
This stabilization mechanism is in accordance with Commission Delegated Regulation (EU) 2016/1052, which is part of the regulatory framework for buy-back programs and stabilization measures in the European Union.
The notes have been issued with two separate International Securities Identification Numbers (ISINs), one for Regulation S and another for Rule 144A, catering to different investor bases. The notes are not guaranteed at the issue date.
It’s important to note that there is no guarantee that Deutsche Bank will engage in stabilization activities, and if it does, such activities can cease at any time. All actions will be subject to prevailing legal and regulatory provisions.
The announcement further clarifies that this information is not an offer to sell or a solicitation of an offer to buy any securities in the United States. These securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the U.S. absent registration or an exemption from registration requirements. The offer is primarily targeted at qualified investors and those with relevant investment expertise, particularly outside the United Kingdom (TADAWUL:4280) and in EEA Member States in compliance with the Prospectus Directive.
This stabilization notice is based on a press release statement and is intended for informational purposes only. It does not constitute a recommendation or an offer to purchase or sell any securities.
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