Source - RNS
RNS Number : 1885K
Merrill Lynch Intl (DTG) Syndicate
19 September 2016
 

19 September 2016

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

CYBG PLC

 

Pre-stabilisation Period Announcement

 

Merrill Lynch International (contact: Dharit Patel ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

 

The securities:

 

Issuer:

CYBG PLC

Guarantor (if any):

n/a

Aggregate nominal amount:

GBP 475mm

Description:

10nc5 Tier 2 subordinated bond offering, ISIN: XS1346646901

Offer price:

To be confirmed, with initial price thoughts at 6.00% ytc area

Other offer terms:

n/a

Stabilisation:

 

Stabilisation Manager(s):

Merrill Lynch International (Stabilisation Coordinator)

 

Barclays Bank PLC

 

Citigroup Global Markets Limited

 

Morgan Stanley & Co. International plc

 

Stabilisation period expected to start on:

19 September 2016

Stabilisation period expected to end no later than:

18 October 2016 (30 days after the proposed issue date of the securities)

Existence, maximum size and conditions of use of over-allotment facility:

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law.

Stabilisation trading venue:

Over the counter (OTC)

 


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