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FRANKFURT - Landsbankinn hf. announced plans to issue a 5-year green senior preferred bond denominated in euros, according to a pre-stabilization notice released Monday.
Deutsche Bank AG (ETR:DBKGn) will serve as the stabilization coordinator for the offering, with Deutsche Bank, Goldman Sachs Bank Europe SE, Morgan Stanley (NYSE:MS), and UBS acting as stabilization managers.
The bond’s initial price guidance is set at approximately 165 basis points over the mid-swap rate, though the aggregate nominal amount has yet to be determined. The ISIN code for the securities is also pending confirmation.
The stabilization period is expected to begin Monday and continue until August 4, 2025. During this time, stabilization managers may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, in accordance with applicable regulations.
The announcement specifies that stabilization managers may over-allot securities to the extent permitted by law, though stabilization is not guaranteed to occur and may cease at any time.
The bond offering is directed at qualified investors in European Economic Area member states and the United Kingdom (TADAWUL:4280), as defined by relevant regulations. The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
This information is based on a pre-stabilization notice issued by Deutsche Bank AG, Frankfurt.
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