COMMERZBANK AG: Pre Stabilisation Phoenix PIB EUR300mil 3.125% 2020

COMMERZBANK AG: Pre Stabilisation Phoenix PIB EUR300mil 3.125% 2020
Pre-Stabilisation notice 
16th May 2013 
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful. 


                        PHOENIX PIB Dutch Finance B.V.                         
                                EUR 300,000,000                                
                        3.125% Notes due 27th May 2020                         
                                 XS0935786789                                  
                             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 securities to be stabilised:                                               


                                                                           
Issuer:                        PHOENIX PIB Dutch Finance B.V.                   
                                                                           
Guarantor (if any):            Phoenix Pharmahandel GmbH                        
                                                                           
ISIN                           XS0935786789                                     
                                                                           
Aggregate nominal amount:      EUR 300,000,000                                  
                                                                           
Description:                   EUR300mil 3.125% Notes due 27th May 2020         
                                                                           
Offer price:                   99.229                                           
                                                                           
Other offer terms:             Listing: Luxembourg / denoms EUR100k+1k. Payment 
                           date 27th May 2013.                              
                                                                           
Stabilisation:                                                                  
                                                                           
Stabilising Manager(s):        Coordinating Stabilisation Manager:              


                                                                               
                               Commerzbank Aktiengesellschaft                  
                                                                               
                               Stabilisation Managers:                         
                                                                               
                               Credit Agricole Corporate and Investment Bank   
                                                                               
                               HSBC Bank plc                                   
                                                                               
                               Landesbank Hessen-Thuringen Girozentrale        
                                                                               
                               Landesbank Baden-Wurttemberg                    


                                                                           
Stabilisation period commences 16th May 2013                                    
                                                                           
Stabilisation period expected  No later than 30 days                           
to end on:                                                                      
                                                                           
Existence, maximum size and    The Stabilising Manager(s) may over-allot the   
conditions of use of           securities to the extent permitted in accordance
over-allotment facility.       with applicable German 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- May/16/2013 13:57 GMT
 
 
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