UBS says this sector remains a high-quality, defensive investment theme
FRANKFURT - Deutsche Bank AG (ETR:DBKGn) has announced that it may engage in stabilization activities for its newly issued securities, with a potential start date of today, aimed at supporting the market price during the stabilization period. The securities in question are described as a DB EUR Benchmark 4NC3 SNP, with an ISIN code of DE000A4DFH60, and an initial price guidance set at mid-swap plus 140 basis points area.
The stabilization period, managed by Deutsche Bank as the Stabilisation Coordinator, is expected to commence on June 10, 2025, and is anticipated to end no later than July 22, 2025. During this time, the Stabilisation Manager(s) may over-allot securities or effect transactions to maintain the market price above levels that might otherwise prevail. However, there is no certainty that stabilization will occur, and if initiated, it may be discontinued at any time.
Stabilization activities, if undertaken, will be performed in compliance with all applicable laws, including the Market Abuse Regulation (EU/596/2014), the Commission Delegated Regulation (EU) 2016/1052, and the UK FCA Stabilisation Binding Technical Standards.
The announcement clarified that the offer of these securities is directed at persons outside the United Kingdom, as well as UK-based individuals with professional investment experience or high net worth, as defined under the Financial Services and Markets Act 2000. Additionally, the securities offer is addressed to qualified investors in the European Economic Area and the UK in accordance with the Prospectus Regulation.
Deutsche Bank has made it clear that the securities have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold within the United States absent an exemption from registration. Consequently, there will be no public offering of the securities in the United States.
The information disclosed is based on a press release statement and is intended for informational purposes only, not constituting an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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