Commerzbank (DE:CBK) has released an update.
Commerzbank AG announces a pre-stabilization notice for mBank S.A.’s issuance of EUR 500,000,000 Green senior preferred Notes due 2030, with potential market price support by Stabilising Managers during a 30-day period post-issue. The securities offer a fixed-to-floating rate, with an optional redemption one year before maturity and a settlement date set for September 27, 2024. This action aims to maintain the securities’ market price above what might naturally prevail, though stabilization is not guaranteed and can end at any time.
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