Commerzbank (DE:CBK) has released an update.
Commerzbank AG has announced a pre-stabilisation notice for its upcoming offering of undated non-cumulative Fixed to Reset Additional Tier 1 securities, with a potential over-allotment to support the market price. The stabilisation period, managed by Commerzbank with several other major banks, is set to last no longer than 30 days post-issue. The transactions aim to maintain pricing stability of the bank’s new securities after their initial release.
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