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Commerzbank gives redemption notices for two lower tier II series
By Tali Rackner
Norfolk, Va., Sept. 15 – Two Commerzbank AG subsidiaries plan to redeem the following lower tier II securities on Sept. 18:
• Commerzbank Capital Funding Trust I’s 2,961 of trust preferreds (ISIN DE000A0GPYR7) will be redeemed at a make-whole amount equal to €53,574.98 per class B security plus accrued interest; and
• Commerzbank Capital Funding Trust II’s 1,862 of trust preferreds (ISIN XS0248611047) will be redeemed at a make-whole amount equal to €56,846.17 per class B security plus accrued interest.
The securities were previously noncumulative trust preferred securities, but, as previously reported, the company received notice from its board of directors that they may no longer be treated as subordinated debt capital for capital adequacy purposes of Commerzbank AG on a consolidated basis.
Questions may be directed to investor relations at 49 69 136 22255.
Commerzbank is based in Frankfurt.
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