Breaking News

Tweet TWEET

COMMERZBANK AG: Pre Stabilisation SpareBank 1 SR EUR500mil 2% 2018

COMMERZBANK AG: Pre Stabilisation SpareBank 1 SR EUR500mil 2% 2018
Pre-Stabilisation notice 
5th November, 2012 
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful. 


                            SpareBank 1 SR-Bank ASA                            
                                 € 500,000,000                                
                         2.00%. Senior Notes due 14 May 2018                      

Stabilisation Notice

Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby
announces that the Stabilising Manager(s) named below may stabilise the offer
of the following securities in accordance with Commission Regulation (EC) No.
2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The security to be stabilised:                                                 


                                                                           
Issuer:                             SpareBank 1 SR-Bank ASA                     
                                                                           
Guarantor (if any):                 n/a                                         
                                                                           
ISIN                                XS0853250271                                
                                                                           
Aggregate nominal amount:           €500,000,000                               
                                                                             
Description:                        €500mil 2.00% Senior Notes due 14 May 
2018  
                                                                           
Offer price:                        99.624                                      
                                                                           
Other offer terms:                  Payment 14-Nov, Listing Luxembourg. Denoms: 
                                100k+1k. Expected Rating: A1/A- Fitch       
                                                                           
Stabilisation:                                                                  
                                                                           
Stabilising Manager(s):             Coordinating Stabilsation Manager:          


                                                                               
                                    Commerzbank Aktiengesellschaft             
                                                                               
                                    Stabilisation Managers                     
                                                                               
                                    Credit Suisse                              
                                                                               
                                    DZ Bank                                    
                                                                               
                                    Societe Generale Corporate & Investment    
                                    Bank                                       


                                                                           
Stabilisation period commences      5th November, 2012                          
                                                                           
Stabilisation period expected to    No later than 30 days                      
end on:                                                                         
                                                                           
Existence, maximum size and         The Stabilising Manager(s) may over-allot  
conditions of use of over-allotment the securities to the extent permitted in  
facility.                           accordance with applicable law.             
In connection with the offer of the above securities, the Stabilising Manager
(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities at a level higher than that which
might otherwise prevail. However, there is no assurance that the Stabilising
Manager(s) will take any stabilisation action and any stabilisation action, if
begun, may be ended at any time Any stabilisation action or over-allotment
shall be conducted in accordance with all 
applicable laws and rules. 
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction. 
This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful. 
END 
END 
-0- Nov/05/2012 15:15 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.