Commerzbank (DE:CBK) has released an update.
Commerzbank Aktiengesellschaft has issued a notice confirming that no stabilisation was carried out by the Stabilising Managers for its EUR 750 million 7.875% undated non-cumulative fixed to reset AT1 Notes. The coupon rate is subject to a first reset date on April 9, 2032, and may be reset every five years thereafter. This post-stabilisation notice pertains to securities that are not intended for distribution in the United States or any jurisdiction where distribution would be unlawful.
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