09 July 2020
Not for
distribution, directly or indirectly, in or into the United States or any jurisdiction in which
such distribution would be unlawful.
Kreditanstalt fuer
Wiederaufbau /ISIN DE000A289RC9
Pre-stabilisation
Period Announcement
Landesbank Baden-Württemberg (contact: Torsten Zittlau; telephone: +49 711 127
74640)
hereby gives notice, as Stabilisation Coordinator, that the
Stabilisation Manager(s) named
below may stabilise the offer of the following securities in
accordance with Commission
Delegated Regulation EU/1052/2016 under the Market Abuse
Regulation (EU/596/2014).
The
securities: |
Issuer: |
Kreditanstalt für Wiederaufbau
(Aaa/AAA/AAA by Moody’s, S&P & Scope) |
Guarantor (if any): |
Federal Republic of Germany |
Aggregate
nominal
amount: |
EUR Benchmark |
Description: |
Tap of 0%
30 June-2023, RegS, Bearer, Off the Issuer's EMTN Programme
Listing: Frankfurt Stock Exchange, regulated market |
Offer Price: |
[XX.XXX] |
Other offer terms: |
NA |
Stabilisation: |
Stabilisation
Manager(s): |
Goldman Sachs
International, LBBW, TD Securities |
Stabilisation period
expected to start on: |
09. July 2020 |
Stabilisation period
expected to end no
later than: |
30 days after the
proposed issue date of the securities |
Existence, maximum
size and conditions of
use of over?allotment
facility: |
The
Stabilisation Manager(s) may over?allot the securities to the
extent permitted in accordance with applicable law. |
Stabilisation trading
venue: |
Over the counter
(OTC) |
In connection with the offer of the above securities, the
Stabilisation 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 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 and the offer of the securities to which it
relates are only addressed to
and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional
experience in matters related to investments or who are high net
worth persons within Article 12(5) of the Financial Services and
Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United
Kingdom.
In addition, if and to the extent that this announcement is
communicated in, or the offer of
the securities to which it relates is made in, any EEA Member
State that has implemented
Directive 2003/71/EC, as amended (together with any applicable
implementing measures in
any Member State, the “Prospectus Directive”) before the
publication of a prospectus in
relation to the securities which has been approved by the
competent authority in that
Member State in accordance with the Prospectus Directive (or
which has been approved by a competent authority in another Member
State and notified to the competent authority in that Member State
in accordance with the Prospectus Directive), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are qualified
investors within the meaning of the Prospectus Directive (or who
are other persons to whom the offer may lawfully be addressed) and
must not be acted on or relied on by other persons in that Member
State.
This announcement is not an offer of securities for sale into
the United States. The securities
have not been, and will not be, registered under the United States
Securities Act of 1933 and may not be offered or sold in
the United States absent
registration or an exemption from registration. There will be no
public offer of securities in the United
States.