Deutsche Bank announces potential market stabilization for OLB bonds

Published 04/06/2025, 08:30
Deutsche Bank announces potential market stabilization for OLB bonds

FRANKFURT - Deutsche Bank AG (ETR:DBKGn), acting as the Stabilisation Coordinator, has announced the possibility of market stabilization activities for the newly issued mortgage Pfandbriefe by Oldenburgische Landesbank AG (OLB). The securities in question are due on June 12, 2035, with an aggregate nominal amount of EUR 500 million.

The stabilization period commenced today and is expected to last until July 4, 2025. During this time, the Stabilisation Manager(s), which include Danske Bank (CSE:DANSKE), Dekabank, Deutsche Bank, DZ Bank, Erste Group, and UBS, may undertake transactions to support the market price of the securities.

These transactions could occur at a level higher than what might otherwise prevail in the open market. However, there is no guarantee that stabilization will take place, and if initiated, it may be discontinued at any time. The stabilization actions, if any, will be conducted in compliance with all applicable laws and rules, including the Market Abuse Regulation (EU/596/2014) and the Commission Delegated Regulation (EU) 2016/1052.

An over-allotment facility is available, allowing the Stabilisation Manager(s) to over-allot securities up to 5% of the aggregate nominal amount. The specific trading venues for stabilization have yet to be confirmed.

The announcement clarifies that this information is solely for those with professional investment experience and high net worth individuals in the United Kingdom (TADAWUL:4280), as well as qualified investors in the UK or European Economic Area as defined by the Prospectus Regulation.

The securities mentioned have not been and will not be registered under the United States Securities Act of 1933. Consequently, they may not be offered or sold in the United States without registration or an exemption from the registration requirements. There will be no public offering of these securities in the United States.

This notice is based on a press release statement and is intended for informational purposes only, not constituting an offer to buy or sell securities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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