Commerzbank holders tender $41.35 million of notes for purchase at 65

By Susanna Moon

Chicago, May 26 – Commerzbank AG said investors tendered $41.35 million principal amount of floating-rate notes issued by Commerzbank Holdings (UK) Ltd., formerly Kleinwort, Benson,

Lonsdale plc.

The purchase price was 65% of par plus accrued interest, according to a company notice.

The company began the tender offer on May 11 for the $100 million primary capital undated floating-rate notes and the $125 million primary capital undated floating-rate notes, which have become fungible and form a single series with the 1985 notes.

The tender offer ended at 11 a.m. ET on May 22.

The company said it has decided to reject tenders for $2.12 million principal amount of notes.

After settlement on May 28, there will be $124.11 principal amount of notes outstanding. Prior to the offer, the company held $41.25 million of the notes. After settlement, excluding notes held by the company, the outstanding amount of notes will be $82.86 million.

Commerzbank AG (+49 (0) 69 136 59920 or liability.management@commerzbank.com) and Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.europe@citi.com) are the joint dealer managers.

The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, attn: Thomas Choquet, or commerzbank@lucid-is.com).

Commerzbank is based in Frankfurt.

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