Japan PPI inflation slips to 11-mth low in July
FRANKFURT - Hamburg Commercial Bank AG (HCOB) announced Tuesday that it plans to tap its existing €500 million 3.5% January 2030 senior preferred bond, according to a press release statement.
Deutsche Bank AG (ETR:DBKGn) will act as the Stabilisation Coordinator for the offering, with BBVA (BME:BBVA), Citi, Crédit Agricole CIB, Deutsche Bank, Jefferies and Morgan Stanley (NYSE:MS) serving as Stabilisation Managers.
The stabilisation period is expected to begin today and end no later than September 2, 2025. During this time, the 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, though stabilisation is not guaranteed to occur.
Initial price talks indicate the bonds will be priced at around 125 basis points over mid-swaps, though the final pricing has not yet been determined.
The securities will be offered outside the United States in compliance with applicable regulations. The offering is directed at qualified investors in European Economic Area Member States and the United Kingdom (TADAWUL:4280) as defined under relevant regulations.
The announcement notes that the securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
Any stabilisation action will be conducted in accordance with applicable laws and rules, as stated in the press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.