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FRANKFURT - Landeskreditbank Baden Wuerttemberg - Foerderbank (L-Bank) announced Thursday it will issue a 5-year EUR senior unsecured benchmark bond due July 4, 2030, according to a pre-stabilization notice.
The bond will be explicitly and unconditionally guaranteed by the German Federal State of Baden-Wuerttemberg. The securities will carry the ISIN code DE000A4M7VR1, though the aggregate nominal amount and issue price have yet to be determined.
Deutsche Bank AG (ETR:DBKGn) will act as the Stabilization Coordinator, with Commerzbank (ETR:CBKG), Deutsche Bank, J.P. Morgan, and Natwest serving as Stabilization Managers. The stabilization period is expected to begin Thursday and end no later than July 25, 2025.
As part of the stabilization process, the managers may over-allot securities by up to 5% of the aggregate nominal amount and may conduct transactions to support the market price at levels higher than might otherwise prevail.
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.
This information is based on a press release statement issued by Deutsche Bank AG on behalf of L-Bank.
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