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March 11, 2010

Commerzbank places EUR 1 billion benchmark bond with 7 year maturity

Commerzbank today placed a senior unsecured benchmark bond. The issue has a volume of EUR 1 billion, a maturity of seven years and a coupon of 3.875%. The high quality order book was well oversubscribed and stood at a total of EUR 1.4 billion. The bond was subscribed largely by institutional investors from Germany as well as international, mainly European investors.

Bookrunner for the transaction was Commerzbank.

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