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FRANKFURT - Deutsche Bank AG (ETR:DBKGn), acting as the Stabilisation Coordinator, has announced that stabilization measures may be implemented for a new bond offering by Mercedes-Benz (OTC:MBGAF) International Finance B.V. The announcement made today indicates that a range of banks may engage in transactions to support the market price of the securities following their issuance.
The bonds, guaranteed by Mercedes-Benz Group AG, are described as dual-tranche with maturities of 3.25 and 6.25 years, though the aggregate nominal amount and ISIN code are to be confirmed. Initial Price Thoughts (IPTs) are set at mid-swap (MS) plus 90-95 basis points for the 3.25-year tranche and MS plus 125-130 basis points for the 6.25-year tranche. The exact spread over the benchmark will be determined in due course.
The stabilization period is expected to commence today and is anticipated to end no later than July 16, 2025. During this time, the Stabilisation Manager(s), which include BayernLB, Commerzbank (ETR:CBKG), Deutsche Bank, LBBW, Santander (BME:SAN), and UniCredit, may over-allot securities or conduct market transactions to maintain the securities’ price above market levels. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time.
The announcement emphasizes that any stabilization actions or over-allotment will be subject to all applicable laws and rules. It also clarifies that the information provided does not constitute an offer to underwrite or acquire securities and is directed only at persons with professional investment experience or high net worth in the UK, qualified investors in the EEA, and similarly restricted categories in other jurisdictions. The securities have not been and will not be registered under the United States Securities Act of 1933, thus are not to be offered or sold in the United States absent registration or an exemption from registration.
This notice, based on a press release statement, serves as a preliminary communication and does not signal the commencement of any offer or sale of securities.
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