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LONDON - Deutsche Bank AG (ETR:DBKGn) announced today it will act as stabilisation coordinator for Pacific Life Global Funding II’s upcoming euro-denominated 6-year green notes issuance, according to a press release statement.
The stabilisation period is expected to begin today and end no later than July 23, 2025. Deutsche Bank indicated that stabilisation managers may over-allot securities or conduct transactions to support the market price of the securities at a level higher than might otherwise prevail during this period.
The notes, which carry the ISIN code XS3095372119, have initial price thoughts of around MS+115 basis points. Barclays (LON:BARC), Credit Agricole (OTC:CRARY) CIB, Deutsche Bank, and JPMorgan will serve as stabilisation managers for the offering.
Pacific Life Global Funding II will issue the financial asset-backed green notes as a euro benchmark. The exact aggregate nominal amount has not yet been determined.
The stabilisation activities will be conducted in accordance with applicable laws and regulations, including Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation and UK FCA Stabilisation Binding Technical Standards.
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. The offering is directed at qualified investors in the European Economic Area and the United Kingdom (TADAWUL:4280) as defined by relevant regulations.
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