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FRANKFURT - Deutsche Bank AG (ETR:DBKGn) announced on Monday that it will potentially engage in market stabilization activities for eircom Finance DAC’s new series of senior secured fixed-rate notes, which are expected to be issued with a nominal amount of EUR 400 million and due in 2031.
The stabilization period, as outlined by Deutsche Bank, is set to commence today, April 28, 2025, and is anticipated to conclude by May 23, 2025, unless market conditions warrant an earlier cessation. The over-the-counter (OTC) trading venue will be the platform for any such activities, with the possibility of an over-allotment facility up to 5% of the aggregate nominal amount of the securities.
Stabilization maneuvers, as regulated by the Commission Delegated Regulation (EU) 2016/1052, are strategic market interventions that can be employed by stabilization managers to support the market price of securities post-issuance. Deutsche Bank, acting as the stabilization manager, may over-allot securities or conduct transactions to maintain pricing levels above what might naturally occur in the open market.
The announcement clarified that these stabilization efforts are not guaranteed and may be halted at any time. It is also noted that the securities in question have not been registered under the United States Securities Act of 1933 and, as such, cannot be offered or sold within the United States absent registration or an applicable exemption.
The intended offer targets qualified investors and those with professional investment experience, particularly outside the United Kingdom (TADAWUL:4280) or within the UK but subject to specific financial regulations.
The press release statement issued by Deutsche Bank AG serves as the source of this information. The notice also emphasized that this is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction where such an action would be considered unlawful.
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