NB: THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER FOR ANY SECURITIES
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE ‘UNITED STATES’) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
For immediate release
RE: FMS WERTMANAGEMENT AÖR LAUNCHES A PROGRAMME FOR THE PURCHASE OF CERTAIN CHF, CAD, USD, EUR, NOK, SEK AND HUF NOTES ISSUED BY DEPFA ACS AND DEPFA PBI
13 November, 2017
Issued on behalf of DEPFA ACS BANK (‘DEPFA ACS‘) and DEPFA Pfandbrief Bank International S.A (‘DEPFA PBI‘ and together with DEPFA ACS the ‘Issuers’) in respect of their Notes (as defined below) listed on a trading venue within the scope of Regulation (EU) No. 596/2014 (the ‘Market Abuse Regulation’). The Market Abuse Regulation requires disclosure of inside information relating to the Issuers and the Notes.
DEPFA ACS and DEPFA PBI has been informed by FMS Wertmanagement AöR (‘FMS-WM‘) that FMS-WM has announced today that it has authorised with immediate effect a purchase programme to be managed by Deutsche Bank AG, London Branch (the ‘Manager‘ or ‘Deutsche Bank‘), pursuant to which FMS-WM may from time to time continue to purchase, through open market purchases or private transactions (the ‘Programme‘), the following securities (the ‘Benchmark Notes‘ and the ‘Private Placement Notes‘, together the ‘Notes‘) (the ‘Programme Announcement‘):
Benchmark Notes
Issuer |
Description of the Notes |
ISIN |
Principal amount outstanding |
DEPFA PBI |
CHF 400mn 3.125% due Aug-2020 |
CH0026463577 |
CHF 92.005mn |
DEPFA ACS |
CAD 200mn 5.250% due Mar-2025 |
CA249575AG69 |
CAD 2.371mn |
DEPFA ACS |
CHF 300mn 3.250% due Jul-2031 |
CH0026116084 |
CHF 4.360mn |
DEPFA ACS |
CAD 350mn 4.900% due Aug-2035 |
CA249575AJ09 |
CAD 0.550mn |
DEPFA ACS |
USD 1,250mn 5.125% due Mar-20371 |
DE000A0LPMX0 |
USD 27.390mn |
1 The Programme does not extend to the 5.125% Mar-2037 notes issued pursuant to Rule 144A of the U.S. Securities Act 1933 (‘Rule 144A‘) and bearing ISIN: US249575AN19. No Rule 144A Notes shall be accepted for purchase pursuant to the Programme.
Private Placements Notes
Issuer |
Description of the Notes |
ISIN |
Principal amount outstanding |
DEPFA ACS |
EUR 25mn CMS linked notes due May-2020 |
DE000A0D2HT2 |
EUR 25.000mn |
DEPFA ACS |
EUR 25mn CMS linked notes due May-2020 |
XS0218532249 |
EUR 25.000mn |
DEPFA ACS |
EUR 4mn CMS linked notes due Jun-2020 |
XS0221014474 |
EUR 4.000mn |
DEPFA ACS |
EUR 10mn CMS linked notes due Jun-2020 |
XS0222624248 |
EUR 10.000mn |
DEPFA ACS |
NOK 300mn 4.45% notes due Nov-2020 |
XS0235355210 |
NOK 300.000mn |
DEPFA ACS |
SEK 421mn Inflation linked notes due Dec-2020 |
XS0278110431 |
SEK 421.000mn |
DEPFA ACS |
HUF 3750mn 0.000% notes due Feb-2021 |
XS0243682464 |
HUF 3750.000mn |
DEPFA ACS |
EUR 5mn Structured notes due Feb-2021 |
XS0288711392 |
EUR 5.000mn |
DEPFA ACS |
EUR 20mn Structured notes due Jun-2021 |
XS0258836914 |
EUR 20.000mn |
DEPFA ACS |
EUR 12mn CMS linked notes due Jul-2021 |
XS0260901052 |
EUR 12.000mn |
DEPFA ACS |
EUR 12mn CMS linked notes due May-2022 |
XS0295619661 |
EUR 12.000mn |
DEPFA ACS |
EUR 100mn CMS linked notes due Jun-2022 |
XS0222934357 |
EUR 100.000mn |
DEPFA ACS |
EUR 5mn Structured notes due Feb-2024 |
XS0288769390 |
EUR 5.000mn |
DEPFA ACS |
EUR 10mn CMS linked notes due Apr-2025 |
XS0217803914 |
EUR 10.000mn |
DEPFA ACS |
NOK 120mn 4.270% notes due Nov-2025 |
XS0233593242 |
NOK 120.000mn |
DEPFA ACS |
EUR 15mn Structured notes due Jul-2031 |
XS0259466695 |
EUR 15.000mn |
DEPFA ACS |
EUR 15mn Structured notes due Jul-2036 |
XS0259885316 |
EUR 15.000mn |
DEPFA ACS |
EUR 13,5mn 0.000% notes due Jul-2037 |
XS0343829486 |
EUR 13.5000mn |
The Programme Announcement further states that:
- The price of a particular purchase pursuant to the Programme is to be determined between FMS-WM and the relevant noteholder (the ‘Noteholder‘). An amount equal to the accrued and unpaid interest will also be paid in respect to all Notes validly purchased by FMS-WM pursuant to the Programme, from, and including, the immediately preceding interest payment date for each series of Notes to, but excluding, the Settlement Date. – FMS-WM may choose to terminate the Programme at any time, at its sole discretion, and without any prior notification to Noteholders.
- Noteholders wishing to submit their Notes for purchase by FMS-WM pursuant to the Programme should contact their Deutsche Bank Sales Representative. Any purchase will be made on a bilateral basis agreed between FMS-WM and the respective Noteholder as facilitated by Deutsche Bank.
- If Noteholders have an account with Deutsche Bank and wish to submit any of the targeted Notes for purchase by FMS-WM pursuant to the Programme, they should contact their Deutsche Bank Sales Representative in London, Frankfurt and/or Zurich at any time between 9:00 a.m. and 3:00 p.m., London time, on any business day in the relevant jurisdiction. They will not be required to pay any fees or commissions to Deutsche Bank in connection with the sale of Notes. Deutsche Bank may require evidence of their identity to comply with applicable anti-money laundering legislation and related regulations, policies and procedures in relation to the selling of the Notes.
- If Noteholders do not have an account with Deutsche Bank, and wish to submit any of the targeted Notes for purchase by FMS-WM pursuant to the Programme, they may do so through their broker, dealer, commercial bank, trust company, other financial institution or other custodian that they customarily use. Their broker must contact a Deutsche Bank Sales Representative in London, Frankfurt and/or Zurich at any time between 9:00 a.m. and 3:00 p.m., London time, on any business day the relevant jurisdiction. They may be required to pay a fee or commission to their broker or intermediary through whom the Notes are sold.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014 (‘Market Abuse Regulation’) and is disclosed in accordance with the Issuers obligations under Article 17 of the Market Abuse Regulations.
For any questions relating to the Programme or the Programme Announcement Noteholders should contact Deutsche Bank at the telephone number and/or address set out below:
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
Tel: +44 20 7545 8011
Attention: Liability Management Group
Media contact for the Issuers:
Rachel Martin
Head of Communications
Tel.: +353 1 792 2144
rachel.martin@depfa.com