Commerzbank Eyes Stabilization for New Senior Notes

Commerzbank (DE:CBK) has released an update.

Commerzbank AG has announced the potential stabilization of its EUR 500 million 11NC10 Callable Non-Preferred Senior Notes due in 2035, which may involve market price support actions such as over-allotment by the Stabilising Managers. The initiative, aimed at maintaining the notes’ market price higher than it might otherwise be, will be conducted in accordance with applicable laws, with the stabilization period beginning on October 8, 2024, and potentially lasting up to 30 days post-issue.

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