Deutsche Bank Announces Stabilization Measures for ZF Europe Finance Bond Offering

FRANKFURT – Deutsche Bank, acting as the Stabilization Coordinator, has announced potential stabilization actions for the new five-year senior bond issued by ZF Europe Finance B.V., guaranteed by ZF Friedrichshafen AG. The stabilization period begins today and is scheduled to continue until July 23, 2025.

This bond issuance is part of ZF's broader debt financing strategy, aimed at optimizing its capital structure. According to Deutsche Bank's Debt Syndication Desk, the bond was launched with initial price thoughts (IPTs) in the 7.50% area. The ISIN code for this issuance is XS3091660194, although the total nominal amount has not yet been disclosed.

What Is Bond Stabilization?

Bond price stabilization refers to temporary measures taken by underwriters to support the market price of a new bond issuance in the days following the launch. These actions, which may include over-allotments or market interventions, are designed to avoid excessive volatility and maintain orderly trading.

In this case, Citigroup, Deutsche Bank, and J.P. Morgan are serving as Stabilizing Managers. However, there is no guarantee that stabilization will occur, and if initiated, it may be discontinued at any time.

About ZF Friedrichshafen AG

ZF Friedrichshafen AG is a global leader in driveline and chassis technology, headquartered in Germany. Through its financing arm, ZF Europe Finance B.V., the company accesses European capital markets to raise funds for long-term investment and corporate operations.

Offering Target and Regulatory Notes

This bond offering is intended exclusively for professional investors in the United Kingdom and qualified investors within the European Economic Area (EEA), in compliance with applicable regulations.

The securities mentioned in this announcement have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.

This pre-stabilization notice is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.