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Commerzbank to give redemption notice for three trust preferred series
By Jennifer Chiou
New York, Aug. 7 – Three Commerzbank AG subsidiaries plan to redeem the following noncumulative trust preferred securities on Sept. 18:
• Commerzbank Capital Funding Trust I’s 2,961 of trust preferreds (ISIN DE000A0GPYR7);
• Commerzbank Capital Funding Trust II’s 1,862 of trust preferreds (ISIN XS0248611047); and
• Commerzbank Capital Funding Trust III’s 186,423 of trust preferreds (ISIN DE000CK45783).
According to filings with the London Stock Exchange, the company received notice from its board of directors that the first two listed series of trust preferred securities may no longer be treated as subordinated debt capital for capital adequacy purposes of Commerzbank AG on a consolidated basis.
As a result, the company will call its class B preferreds.
Questions may be directed to investor relations at 49 69 136 22255.
Commerzbank is based in Frankfurt.
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