FRANKFURT - Deutsche Bank AG (NYSE:DB), acting as the Stabilisation Coordinator, announced today that it, along with other Stabilisation Managers, may engage in transactions to support the market price of Achmea Bank N.V.'s new green bond offering, which is expected to start on Wednesday. The stabilization period is anticipated to last until no later than January 15, 2025.
Achmea Bank N.V. is in the process of issuing a green bond with an aggregate nominal amount that is yet to be confirmed. The initial price thoughts (IPTs) for the offering have been set in the area of 100 basis points over the mid-swap rate. The exact terms of the green bond, including the International Securities Identification Number (ISIN), are still to be announced.
As part of the stabilization activities, the appointed Stabilisation Managers, which include Deutsche Bank (ETR:DBKGn), DZ BANK, ING, LBBW, Rabobank, and Santander (BME:SAN), have the option to over-allot securities to support the price level during the stabilization period. Such actions, however, are not guaranteed and may cease at any time, adhering to all applicable laws and rules.
The securities are targeted at professional investors and high-net-worth individuals in the United Kingdom (TADAWUL:4280), with a similar approach tailored to qualified investors within the European Economic Area (EEA) and the United Kingdom in accordance with the Prospectus Regulation.
The green bond issuance is part of Achmea Bank's sustainability initiatives, as the proceeds are expected to fund environmentally friendly projects. However, the securities will not be offered or sold in the United States as they have not been registered under the United States Securities Act of 1933.
This announcement is based on a press release statement and serves solely for informational purposes. It does not constitute an offer to underwrite, subscribe for, or acquire any securities of Achmea Bank N.V. in any jurisdiction.
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