Deutsche Bank announces potential market stabilization for Hesse bonds

FRANKFURT - Deutsche Bank AG (ETR:DBKGn) has announced a pre-stabilization period starting today for the upcoming issuance of green bonds by the German Federal State of Hesse, known as Land Hessen. The bank, acting as the stabilization coordinator, indicated that transactions could be initiated to support the market price of the securities post-launch.

The securities in question are a new benchmark-sized green bond issuance with a maturity date of June 18, 2035, under the ISIN code DE000A1RQE59. The exact aggregate nominal amount and issue price are yet to be confirmed. The stabilization period, which is aimed at preventing price volatility following the bond’s issuance, is expected to commence on June 10, 2025, and will last no longer than July 10, 2025.

During this time, stabilization managers, including Credit Agricole (OTC:CRARY), Danske Bank (CSE:DANSKE), Dekabank, Deutsche Bank, ING Bank, and LBBW, may engage in over-allotment of the securities, not exceeding 5% of the aggregate nominal amount. The specific trading venues for stabilization activities have yet to be announced.

Stabilization actions, which may be undertaken to maintain the market price of the bonds, are not guaranteed to take place and may end at any time. All activities will be conducted in compliance with applicable laws and rules.

This announcement is informational and does not constitute an offer to underwrite or acquire securities in any jurisdiction. The offer is directed at persons outside the United Kingdom (TADAWUL:4280) and to those within the UK with professional investment experience or who are high net worth individuals, as defined by the Financial Services and Markets Act 2000.

Furthermore, the securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States without registration or an applicable exemption. There will be no public offering of these securities in the United States.

This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the UK’s Financial Conduct Authority. Terms and conditions relating to the use and distribution of this information may apply.

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