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MADRID - The Comunidad Autonoma de Madrid plans to issue a senior unsecured 10-year euro benchmark bond maturing on October 31, 2035, according to a pre-stabilization notice issued Thursday.
Deutsche Bank AG (ETR:DBKGn), acting as stabilization coordinator, announced that Banco Sabadell, Deutsche Bank, and Santander (BME:SAN) will serve as stabilization managers for the offering. The stabilization period is expected to begin on June 12, 2025, and end no later than July 12, 2025.
The securities will be issued under ISIN code ES0201001197. The stabilization managers may over-allot securities in an amount not exceeding 5% of the aggregate nominal amount to support the market price during the stabilization period.
The exact aggregate nominal amount and issue price have not yet been determined, according to the statement.
The stabilization activities, if undertaken, will be conducted in accordance with applicable laws and regulations. However, the notice indicates that stabilization may not necessarily occur and any action, if begun, may cease at any time.
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 pre-stabilization notice published by Deutsche Bank AG, Frankfurt on behalf of the Comunidad Autonoma de Madrid.
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