Commerzbank Aktiengesellschaft Launches Cash Tender Offer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, FRANCE, BELGIUM, ITALY OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL
FRANKFURT AM MAIN, Germany, June 3, 2016 /PRNewswire/ -- Commerzbank Aktiengesellschaft (Frankfurt am Main, Germany) (the "Company") has today invited holders of its U.S.$ 150,000,000 Subordinated Bonds due 15 January 2023 ISIN XS0044632775 (the "Bonds") to offer to sell their Bonds for purchase by the Company for cash (the "Offer").
Description |
ISIN |
Outstanding Principal Amount |
Purchase Price |
U.S.$ 150,000,000 Subordinated Bonds due 15 January 2023 |
XS0044632775 |
U.S.$ 150,000,000 |
70 per cent. |
The Company proposes to accept any and all Bonds validly tendered to it for purchase on the terms and subject to the conditions set out in the invitation to tender dated as of the date hereof (the "Invitation"). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Invitation.
This announcement does not constitute an offer to acquire any of the Bonds, which is being made solely pursuant to the Invitation. Holders are advised to read carefully the Invitation for full details of, and information on how to participate in, the Offer.
Indicative Timetable
Dates and Times |
Event |
3 June 2016 |
Offer Commencement Date |
9 June 2016 |
Expiration Deadline |
10 June 2016 |
Announcement of Result of Offer |
14 June 2016 (expected) |
Settlement Date for the Offer |
Further Information
Holders may access the Invitation and the form of notice of guaranteed delivery (as described in the Invitation) at:
SOURCE Commerzbank Aktiengesellschaft
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