July 22, 2014
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
European Financial Stability Facility (EFSF)
€ 4,000,000,000 2.35 % due 29th July 2044
Commerzbank AG (Christian Guentzel, tel.: +49 69 136 42996) 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: European Financial Stability Facility
Guarantor (if any): Backed by guarantees of Euro area Member
Aggregate nominal amount: EUR 4,000,000,000
Description: Senior, unsecured, unsubordinated
Offer price: 99.108 %
Other offer terms: 2.35 % due 29th July 2044
Stabilising Manager(s): Commerzbank AG, Goldman Sachs
International, Royal Bank of Scotland
Stabilisation period commences 22nd July 2014
Stabilisation period expected to 21st August 2014 (30 days after the
end on: proposed issue date of the securities)
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
-0- Jul/23/2014 08:07 GMT
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