CMZB 4.875% 01Mar2027 Corp (SGD)

Bond Factsheet

Matured/ Called

Commerzbank AG

Indicative

Full Lot

Bid Price

100.030

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.090

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Apr 2022, 12:00am

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Bond Information

Commerzbank Aktiengesellschaft attracts deposits and offers retail and commercial banking services. The Bank offers mortgage loans, securities brokerage and asset management services, private banking, foreign exchange, and treasury services worldwide.

Bond Issuer

Commerzbank AG

Guarantor

Announcement Date

22 Feb 2017

Issue Date

01 Mar 2017

Maturity Date

01 Mar 2027

Years to Maturity / Next Call

0.408 / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.875

Coupon Type

Variable

Annual Coupon Rate

4.875

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Rate: 5Y SGD SOR + initial spread (2.710%)
Reset Date: 01 March 2022 (one-time reset on Year 5)

ISIN

XS1572172754

CUSIP

AM6110838

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

500,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield 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

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

REGULATORY BAIL"IN : 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)

Issuer Call

Callable on 01 March 2022 at par

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