Bond Factsheet
CMZB 6.000% 12Jan2028 Corp (USD)
Commerzbank AG
Indicative
Full Lot
Bid Price 99.328
Change in Bid Price 0.090
Bid Yield (%) 6.551 %
Change in Bid Yield 0.075
Ask Price 99.829
Change in Ask Price 0.130
Ask Yield (%) 6.133 %
Change in Ask Yield 0.108
Indicative price as of 02 Oct 2026, 4:36pm
Bond Issuer
Commerzbank AG
Guarantor
-
Announcement Date
05 Jan 2016
Issue Date
12 Jan 2016
Maturity Date
12 Jan 2028
Years to Maturity / Next Call
1.272 / -
Modified Duration
1.187 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.000
Coupon Type
Fixed
Annual Coupon Rate
6.000
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
XS1342647564
CUSIP
JV5085990
Bond Currency
USD
Total Issue Size
400,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 200,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ W.R
Bond Credit Rating (S&P/ Fitch)
***/ W.R
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Under the bail-in tool the SAG has the power, upon certain trigger events, to cancel existing shares, to write down liabilities eligible for bail-in (i.e. own funds instruments such as the Subordinated Notes and other subordinated debt and even non-subordinated debt, subject to exceptions in respect of certain liabilities) of a failing credit institution or to convert such eligible liabilities of a failing credit institution into equity at certain rates of conversion representing appropriate compensation to the affected creditor for the loss incurred as a result of the write-down and conversion in order to strengthen the credit institution's financial position and allow it to continue as a going concern subject to appropriate restructuring.
Prior to any insolvency or liquidation of the Issuer, all respective claims, rights and duties under, or arising out of, the Notes shall be subject to any Regulatory Bail-in. The Noteholders shall not have any claim against the Issuer in connection with or arising out of any such Regulatory Bail-in.
Regulatory Bail-in" means a subjection of the claims for payment of principal, interest or other amounts under the Notes to a delay or a permanent reduction, including to zero, or a cancellation or a conversion of the Notes, in whole or in part, into equity of the Issuer, such as ordinary shares, in each case pursuant to German law (including European Union law as applicable in the Federal Republic of Germany).]
Additional Note
(a) If at any time after the Issue Date a Gross up Event (as defined below) occurs, the Issuer may, subject to the Conditions to Redemption (as defined below) being fulfilled, upon giving not less than 30 days' and not more than 60 days' prior notice by publication in accordance with § 11, call the Notes (in whole but not in part) for redemption at any time with effect as of the date fixed for redemption in the notice. In this case the Issuer shall redeem the Notes at the Early Redemption Amount (as defined below) on the redemption date specified in the notice if the Conditions to Redemption are fulfilled.
A "Regulatory Event" occurs if, as a result of any amendment or supplement to, or change in. the Applicable Supervisory Regulations which are in effect as of the Issue Date, the Notes are fully derecognised from the her 2 capital (as defined in the Applicable Supervisory Regulations) of the Issuer or the Issuer together with its consolidated subsidiaries.
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