TIDM71JY

RNS Number : 7024S

Credit Suisse Securities (Eur) Ltd

18 March 2021

18(th) March 2021

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

OP Mortgage Bank

Pre-stabilisation Period Announcement

Credit Suisse Securities (Europe) Limited (contact: Shashank Tandon; telephone: +44 (0) 20 7883 2292) 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/08/03/2016 under the Market Abuse Regulation (EU/596/2014).

 
 The securities: 
 Issuer:                     OP Mortgage Bank 
                            -------------------------------------------- 
 Guarantor (if 
  any): 
                            -------------------------------------------- 
 Aggregate nominal           To be confirmed 
  amount: 
                            -------------------------------------------- 
 Description:                10yr EUR Green Covered Bond 
                            -------------------------------------------- 
 Offer price:                To be confirmed 
                            -------------------------------------------- 
 Other offer terms: 
                            -------------------------------------------- 
 Stabilisation: 
--------------------------  -------------------------------------------- 
 Stabilisation               Credit Suisse Securities (Europe) Limited 
  Manager(s): 
                            -------------------------------------------- 
 Stabilisation               March 18th 2021 
  period expected 
  to start on: 
                            -------------------------------------------- 
 Stabilisation               April 16th 2021 
  period expected 
  to end no later 
  than: 
                            -------------------------------------------- 
 Existence, maximum          The Stabilisation Manager(s) may over-allot 
  size and conditions         the securities to the extent permitted 
  of use of over-allotment    in accordance with applicable law 
  facility 
                            -------------------------------------------- 
 Stabilisation               OTC / TBC 
  trading venue 
                            --------------------------------------------

In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over allotment shall be conducted in accordance with all applicable laws and rules.

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 and the offer of the securities to which it relates are only addressed and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State pursuant to Regulation (EU) 2017/1129 (as may be amended, the "Prospectus Regulation") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Regulation (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities 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 will be no public offer of securities in the United States.

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END

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March 18, 2021 04:39 ET (08:39 GMT)

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