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.
Landeskreditbank
Baden-Württemberg - Förderbank
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.
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The
securities:
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Issuer:
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Landeskreditbank Baden-Württemberg -
Förderbank
(L-Bank)
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Guarantor (if any):
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N/A
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Aggregate nominal amount:
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USD 300,000,000
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Description:
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USD 300,000,000 SOFR Floating Rate
Notes due 14 January 2028
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Offer price:
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101.811%
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Other offer terms:
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TBA
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Stabilisation:
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Stabilising Manager:
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Bank of Montreal Europe plc
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Stabilisation period expected to start
on:
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9 January 2025
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Stabilisation period expected to end
no later than:
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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:
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The Stabilising Manager may over-allot
the securities to the extent permitted in accordance with
applicable law.
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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.