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Commerzbank: launches additional tier 1 bond

(CercleFinance.com) - Germany's Commerzbank said on Monday that it is launching an additional tier 1 (AT1) bond.


The new bond is envisaged to represent a volume of 1.25 billion euros and a fixed coupon of 6.125% per annum, the lender said.

The bond is perpetual but with a first redemption call from October 2025 to April 2026.

The bond terms include a temporary write-down in the event that the bank's Common Equity Tier 1 ratio (CET 1 ratio) were to fall below 5.125%.

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