FRANKFURT - Deutsche Bank AG (ETR:DBKGn), Frankfurt, as Stabilisation Coordinator, has announced the potential stabilization activities for Landesbank Hessen-Thüringen Girozentrale’s (Helaba) EUR 750 million mortgage covered bond, which is due on May 21, 2029. The bond, with the ISIN code XS3074424188, was issued at a price of 99.558%.
The stabilization period is expected to commence today and last no longer than one month, concluding by June 12, 2025. During this time, the Stabilisation Manager(s), which include Bank of Montreal, Deutsche Bank, Erste Bank (VIE:ERST), Helaba, Santander (BME:SAN), and UBS, may engage in transactions to maintain the market price of the securities above levels that might otherwise prevail in the open market.
The stabilization efforts may include over-allotment of securities, not exceeding 5% of the aggregate nominal amount. However, there is no assurance that stabilization will occur, and if initiated, it may end at any time. All transactions will be conducted in compliance with applicable laws and rules.
This pre-stabilisation notice serves as a standard regulatory disclosure and does not constitute an offer to underwrite, subscribe for, or acquire securities. The securities are addressed to professional investors in the United Kingdom and high net worth individuals as per the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as well as qualified investors in the UK or EEA Member States in accordance with the Prospectus Regulation.
The securities mentioned have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold in the United States without registration or an exemption from registration. There will be no public offer of these securities in the United States.
The information is based on a press release statement and is intended for informational purposes only, providing details on the potential market actions surrounding Helaba’s recently issued mortgage covered bond.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.