CMZB 4.200% 18Sep2028 Corp (SGD)

Bond Factsheet

Matured/ Called

Commerzbank AG

Indicative

Full Lot

Bid Price

99.993

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.064

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 18 Sep 2023, 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

10 Sep 2018

Issue Date

18 Sep 2018

Maturity Date

18 Sep 2028

Years to Maturity / Next Call

1.965 / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.200

Coupon Type

Variable

Annual Coupon Rate

4.200

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Date: 18 Sep 2023
Reset Rate: Prevailing 5Y SGD SOR plus initial spread (1.972%)

ISIN

XS1879529300

CUSIP

AU4562701

Bond Currency

SGD

Total Issue Size

400,000,000

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

Tier 2

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 shares or other instruments of ownership of the Issuer in each case pursuant to German law (including European Union law as applicable in the Federal Republic of Germany)

Issuer Call

Issuer call option, on 18 September 2023 at par (one-time call, in whole and not in part), and also redemption upon the occurrence of a Gross up Event or a Regulatory Event, in each case at par (in whole and not in part), subject to the Conditions to Redemption as set out in the applicable terms and conditions.

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