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FRANKFURT - Deutsche EuroShop AG plans to issue a €500 million green bond with a five-year fixed rate, according to a pre-stabilization announcement released Wednesday.
J.P. Morgan SE will act as the stabilization coordinator, with Deutsche Bank (ETR:DBKGn), Goldman Sachs, and LBBW serving as stabilization managers. The stabilization period is expected to begin on June 11, 2025, and end by July 11, 2025.
The senior unsecured green bonds will be issued in RegS bearer format with a denomination of €100,000. The securities will be listed on the Luxembourg Stock Exchange’s regulated market.
As part of the stabilization process, managers may over-allot securities not exceeding 5% of the aggregate nominal amount to support the market price. This stabilization activity may end earlier than the specified period and is not guaranteed to occur.
The bonds have not been registered under the U.S. Securities Act and will not be offered in the United States.
The announcement was made through a press release statement from J.P. Morgan SE as the stabilization coordinator for the offering.
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