Pre-Stabilisation notice
11th January 2017
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
BAWAG P.S.K.
€ 500mn Public Sector Covered Bond due 2027
Pre-Stabilisation Notice
Commerzbank AG (contact: Christian Klocke; telephone: +4969 13643420) hereby
announces, as Stabilisation Coordinator, that the Stabilising Managers named
below may stabilise the offer of the following securities in accordance with
Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse
Regulation (EU Regulation 596/2014).
The security to be stabilised:
Issuer: BAWAG P.S.K. Bank für Arbeit und Wirtschaft
und Österreichische Postsparkasse
Aktiengesellschaft
Guarantor (if any): none
Aggregate nominal amount: € 500,000,000 (no grow)
Description: Public Sector Covered Bond
Offer price: tbc
Other offer terms: settlement 18th Jan; maturity 18th Jan
2027, listing Luxembourg, denoms 100k/100k
Stabilisation:
Coordinating stabilising Manager: Commerzbank AG
Stabilising Manager(s): Goldman Sachs
JP Morgan
Morgan Stanley
UBS
Stabilisation period expected to 11th January 2017
start on:
Stabilisation period expected to no later than 30 days after the proposed
end on: issue date of the securities
Existence, maximum size and The Stabilising Manager(s) may over-allot
conditions of use of the securities to the extent permitted in
over-allotment facility. accordance with applicable law.
Stabilisation trading venue: Regulated market of the Luxembourg Stock
Exchange
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 during the stabilisation period
at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur and and any stabilisation action, if
begun, may cease 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