Pre Stabilisation - Republic of Poland
Pre-Stabilisation notice
October 15th, 2024
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
The Republic of Poland
EUR dual-tranche benchmark transaction 7-year and 15-year
Pre-Stabilisation Notice
Commerzbank AG (contact: John Gray; telephone: +44 (0)20 7475 1262) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014).
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The security to be stabilised: |
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Issuer: |
The State Treasury of the Republic of Poland, represented by the Minister of Finance |
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Guarantor (if any): |
none |
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Aggregate nominal amount: |
tbc |
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Description: |
EUR-denominated 7-year and 15-year maturities |
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Offer price: |
tbc |
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Other offer terms: |
Rating A2/A-/A-, issued under the EMTN programme, denoms 1k Maturities: 7y - 22 Oct 2031/ 15y - 22 Oct 2039 |
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tabilisation: |
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Stabilisation Coordinator: Stabilising Managers: |
ING (B&D) Commerzbank J.P. Morgan Société Générale |
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Stabilisation period expected to start on: |
October 15th 2024 |
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Stabilisation period expected to end on: |
no later than 30 days after the proposed issue date of the securities |
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Existence, maximum size and conditions of use of over-allotment facility. |
The Stabilising Managers may over-allot the securities to the extent permitted in accordance with applicable law. |
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Stabilisation trading venue: |
Luxembourg SE regulated market |
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 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 is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.
END