Pre-Stabilisation notice
24th October 2016
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
Landwirtschaftliche-Rentenbank
EUR 500,000,000 Notes due 31 October 2036
Issued pursuant to the EMTN Programme, dated 4th May 2016
Pre-Stabilisation Notice
Commerzbank AG (contact: Ian Turner; telephone: (44-207475-1817) hereby
announces, as Stabilisation Coordinator, that the Stabilising Manager(s) named
below may stabilise the offer of the following securities in accordance with
Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse
Regulation (EU Regulation 596/2014).
The security to be stabilised:
Issuer: Landwirtschaftliche-Rentenbank
Guarantor (if any): Federal Republic of Germany
Aggregate nominal amount: EUR 500,000,000
Description: Fixed Rate Notes due 31 October 2036
Offer price: [n/a]
Other offer terms: Denoms: EUR1k+1k
Stabilisation:
Stabilising Manager(s): Commerzbank Aktiengesellschaft (CSM)
Stabilsation Managers:
Credit Agricole Corporate and Investment
Bank
Goldman Sachs International
Stabilisation period expected to 24th October 2016
start on:
Stabilisation period expected to 23rd November 2016 (30 days after the
end on: proposed issue date of the securities)
Existence, maximum size and The Stabilising Manager(s) may over-allot
conditions of use of the securities to the extent permitted in
over-allotment facility. accordance with applicable law.
Stabilisation trading venue: Luxembourg Stock Exchange
In connection with the offer of the above securities, the Stabilising Manager
(s) may over-allot the securities or effect transactions with a view to
supporting the market price of the securities during the stabilisation period
at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur and and any stabilisation action, if
begun, may cease at any time Any stabilisation action or over-allotment shall
be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.
This announcement is not for distribution, directly or indirectly, in or into
the United States or any other jurisdiction in which such distribution would be
unlawful.
END