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Virgin Media O2 Green Bonds Backed by Deutsche Bank

Published 11/12/2024, 15:36

LONDON - Deutsche Bank AG (NYSE:DB) has announced its role as the Stabilisation Manager for Virgin Media O2 Vendor Financing Notes V Designated Activity Company's new green bond issuance. The securities, which are expected to support environmental projects, have an aggregate nominal amount of GBP 400 million and are due in 2032 with a 7.875% interest rate.

The stabilisation period for these bonds commenced today and is anticipated to continue until January 14, 2025. During this time, Deutsche Bank (ETR:DBKGn) may engage in transactions to maintain the market price of the securities above natural market levels, although there is no certainty that they will take any action.

These bonds are structured under regulatory technical standards for stabilisation measures, ensuring compliance with all applicable laws. The over-allotment facility for this issuance is set at 5% of the total nominal amount issued.

The offer is directed at professional investors and high net worth individuals in the UK, with certain restrictions applying to other jurisdictions, including the United States, where the securities have not been registered and will not be offered without registration or an exemption.

This information is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite or acquire securities in any jurisdiction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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