Source - RNS
RNS Number : 3707M
Deutsche Bank AG London
12 October 2016
 

12 October 2016

 

 

IHO Verwaltungs GmbH

 

 

Post-Stabilisation Notice

 

Deutsche Bank AG, London Branch (contact: Global Risk Syndicate on 0207-545- 4361) hereby gives notice that the Stabilising Manager(s) named below undertook stabilisation in relation to the offer of the following securities, as set out below

 

 

The Securities:

 

Issuer:                                         IHO Verwaltungs GmbH (currently named Schaeffler Verwaltung Zwei GmbH)

 

Guarantor (if any):                     

 

Aggregate nominal amount:       €2,250,000,000

 

Description:                                EUR750M, Senior Secured PIK Toggle Notes, 2.75% due 15 September 2021;(RegS: XS1490152565; 144A: XS1490153704);

EUR750M, Senior Secured PIK Toggle Notes, 3.25% due 15 September 2023;(RegS: XS1490153886; 144A: XS1490159065)

 

EUR750M, Senior Secured PIK Toggle Notes, 3.75% due 15 September 2026; (RegS: XS1490159495; 144A: XS1490159735)

 

Issue/Reoffer Price:                   100.000

 

Spread over benchmark:           +331bps over 2.25% DBR due September 2021;

 

+368bps over 2.000% DBR due August 2023;

 

+381bps over 0.000% DBR due August 2026;

 

Stabilising Manager(s):              Citigroup Global Markets Limited, HSBC Bank plc, Merrill Lynch International

                                                   Deutsche Bank AG, London Branch (Stabilisation Coordinator)

 

Stabilisation started:                  12/09/2016

 

Stabilisation last occurred:         12/09/2016

 

 

 

For each of the dates during which stabilisation transactions were carried out, the price range was as follows:

 

Date:

Lowest Price:

Highest Price:

12/09/2016 (2023 notes)

99.250

99.250

12/09/2016 (2026 notes)

96.875

96.875

 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

 

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

 

 

 


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