Bank of Montreal Pre-Stabilisation Notice (8940N)
September 27 2023 - 11:14AM
UK Regulatory
TIDM0UKH TIDM93RU
RNS Number : 8940N
Bank of Montreal
27 September 2023
pre-Stabilisation Announcement
Not for distribution, directly or indirectly, in or into the
United States or any jurisdiction in which such distribution would
be unlawful.
KOMMUNALBANKEN AS
Pre-Stabilisation Notice
Bank of Montreal Europe plc (contact: Edward Mizuhara;
telephone: +44 (0)20 7664 8062) hereby gives notice that the
Stabilising Manager named below may stabilise the offer of the
following securities in accordance with Commission Delegated
Regulation EU 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 of the European Parliament and of the Council with
regard to regulatory technical standards for the conditions
applicable to stabilisation measures .
The securities:
Issuer: KOMMUNALBANKEN AS
--------------------------------------------------
Guarantor (if any): N/A
--------------------------------------------------
Aggregate nominal CAD 500,000,000
amount:
--------------------------------------------------
Description: CAD 500,000,000 4.900 per cent. Notes due
5 October 2026
--------------------------------------------------
Offer price: 99.771%
--------------------------------------------------
Other offer terms: TBA
--------------------------------------------------
Stabilisation:
Stabilising Manager: Bank of Montreal Europe plc
--------------------------------------------------
Stabilisation period 27 September 2023
expected to start
on:
--------------------------------------------------
Stabilisation period 30 days after the proposed issue date of
expected to end no the securities
later than:
--------------------------------------------------
Existence, maximum The Stabilising Manager may over-allot the
size and conditions securities to the extent permitted in accordance
of use of over-allotment with applicable law.
facility:
--------------------------------------------------
In connection with the offer of the above securities, the
Stabilising Manager 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 will take any stabilisation action and any stabilisation
action, if begun, may be ended 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 material was produced by Bank of Montreal Europe plc, a
firm regulated by the Central Bank of Ireland.
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 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
Regulation (EU) 2017/1129 (the "Prospectus Regulation") (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 Regulation), 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 Regulation (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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END
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