Frankfurt (ots) - Goldman Sachs International and Morgan Stanley Bank AG have fully exercised the greenshoe option granted to them by KfW and relating to the placement of bonds due 2013 (the "Exchangeable Bonds") exchangeable into ordinary shares of Deutsche Telekom AG (the "Exchange Shares").
Through the exercise of the greenshoe option, the total volume of Exchangeable Bonds to be issued has increased to EUR 3.3 billion and the total number of Exchange Shares underlying the issue is now approx. 221 million or approx. 5.1 % of the currently outstanding share capital of Deutsche Telekom AG.
Goldman Sachs International and Morgan Stanley Bank AG acted as Joint Bookrunners and Joint Lead Managers in the transaction. Lehman Brothers International acted as Co-Lead Manager, BNP PARIBAS, Citigroup Global Markets Ltd., Deutsche Bank AG, Dresdner Bank AG, J.P. Morgan Securities Ltd. and Merrill Lynch International acted as additional managers in the offering.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. This announcement is not for distribution, directly or indirectly, in or into the United States or to any US person (as defined in Regulation S under the US Securities Act of 1933, as amended). Neither the Exchangeable Bonds nor the Exchange Shares have been or will be registered under the US Securities Act. The Exchangeable Bonds and Exchange Shares may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. The Exchangeable Bonds and Exchange Shares may therefore not be offered, sold or delivered within the United States.
In the United Kingdom, this announcement is being distributed only to, and is directed only at, qualified investors within the meaning of Art. 2(1)(e) of the Prospectus Directive ("Qualified Investors") (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") and Qualified Investors falling within Article 49(2)(a) to (d) of the Order, and (ii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). This document must not be acted on or relied on (i) in the United Kingdom, by persons who are not relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, by persons who are not Qualified Investors.
Goldman Sachs International and Morgan Stanley Bank AG are acting for KfW and no one else in connection with the issue of the Exchangeable Bonds and will not be responsible to any other person for providing the protections afforded to their respective clients, or for providing advice in relation to the proposed issue.
In relation to each Member State of the European Economic Area whose national law sets out the requirement for KfW as an Issuer to publish a prospectus prior to public offering of the Bonds (each a "Relevant Member State"), each Manager has represented and agreed, that it has not made and will not make an offer of the Bonds to the public in that Relevant Member State prior to the publication of a prospectus in accordance with the applicable national laws and regulations.
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