FRANKFURT - D.V.I. Deutsche Vermögens- und Immobilienverwaltungs GmbH (DVI) has announced its intention to offer a EUR 350 million green bond with a maturity of 5.25 years, as part of its efforts to support environmentally sustainable projects. The offering, which is expected to commence today, may include market stabilization activities conducted by Deutsche Bank AG (ETR:DBKGn) and UniCredit, acting as Stabilisation Managers.
The bond, with an ISIN Code of XS3074385009, has been introduced to the market with initial price thoughts (IPTs) at a spread of mid-swap (MS) plus 300 basis points area. The exact terms of the aggregate nominal amount and spread over benchmark are to be confirmed (TBC).
As per the announcement, the stabilization period for this green bond is set to begin on the same day as the offer, with the possibility of market price support activities continuing until no later than July 2, 2025. These activities may include over-allotment of the securities or transactions to maintain the market price above levels that might otherwise prevail, though there is no guarantee that stabilization will occur.
The stabilization measures will be undertaken in compliance with the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards, ensuring all actions are within the bounds of applicable laws and rules.
This pre-stabilization notice serves as an information release and is not an offer to underwrite, subscribe for, or acquire any securities. The announcement specifies that the offer and communications are directed at qualified investors and high net worth individuals in the United Kingdom, as well as qualified investors within the EEA and the United Kingdom, in line with respective financial regulations.
The securities mentioned have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States without registration or an exemption from registration. There will be no public offering of these securities in the United States.
The information is based on a press release statement and is intended for those outside the United States or in jurisdictions where the distribution of such information would not be unlawful.
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