The Royal Bank of Scotland plc - Stabilisation Notice
September 19 2017 - 7:13AM
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Kreditanstalt für Wiederaufbau
Pre-Stabilisation Notice
The Royal Bank of Scotland plc, (contact: Rom Balax, tel: 020
7085 6268) hereby gives notice that the Stabilising Manager(s)
named below may stabilise the offer of the following securities in
accordance with Commission Delegated Regulation EU/2016/1052 under
the Market Abuse Directive (EU/596/2014).
The securities: Issuer: Kreditanstalt für
Wiederaufbau Guarantor (if any): Federal Republic of Germany
Aggregate nominal amount: GBP Benchmark Description: £ Dec-20
3-year TAP bond Offer price: tbc Other offer terms: tbc
Stabilisation: Stabilising Manager(s): The Royal Bank of
Scotland plc (trading as NatWest Markets) (co-ordinating
stabilisation manager)
Barclays Bank PLC
Stabilisation venue: Luxembourg Stabilisation period expected to
start on: 19th September 2017 Stabilisation period expected to end
no later than: For a maximum of 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 in an amount not exceeding 5% of the
aggregate nominal amount stated above.
In connection with the offer of the above securities, the
Stabilising Manager(s) may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager(s) will take any stabilisation action 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 is only directed at, and the offer of
securities to which it relates are only available to, persons
outside the United Kingdom and persons in the United Kingdom having
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 upon 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 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 date of 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, where appropriate,
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 qualified investors
in that Member State 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170919005821/en/
RBSRom Balaxtel: 020 7085 6268