DGAP-Ad-hoc: Commerzbank Aktiengesellschaft / Key word(s): Miscellaneous
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The Board of Managing Directors of Commerzbank AG has decided to issue a subordinated bond. The bond meets the criteria set out in the Capital Requirements Regulation (CRR) for additional tier 1 capital (AT 1). Subject to the approval of the Supervisory Board, the bond will be issued with an exclusion of the subscription right of the shareholders. The issue serves to further strengthen and structurally optimise the Bank's regulatory capital.
The AT 1 bond shall be issued in the aggregate nominal amount of at least 500 million US dollars in a specified denomination of 200,000 US dollars. The bond will have a perpetual maturity and a first call date in April 2025. The bond terms include a temporary write-down in the event that the Bank's Common Equity Tier 1 ratio (CET 1 ratio) drops below 5.125 per cent. The bond will be issued following a roadshow, subject to market conditions.
Head of Investor Relations
Tel.: +49 69 136 - 21331
25-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|60311 Frankfurt am Main|
|Phone:||+49 (069) 136 20|
|Indices:||MDAX, CDAX, HDAX, PRIMEALL|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX|
|EQS News ID:||830159|
|End of Announcement||DGAP News Service|
830159 25-Jun-2019 CET/CEST