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Pre Stablisation GlobalDrive Auto Receivables

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COMMERZBANK AG (London Branch) - Pre Stablisation GlobalDrive Auto Receivables

PR Newswire

Pre-Stabilisation notice

12th October 2018

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

GlobalDrive Auto Receivables 2018 B.V.

EUR 750mil Class A Floating Rate Notes due 20 September 2026 (XS1881005547)

EUR 24.4mil Class B Floating Rate Notes due 20 September 2026

(XS1881004813)

Commerzbank AG (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492) hereby announces, as Stabilisation Coordinator, that the Stabilising Managers named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU Regulation 596/2014).

The security to be stabilised:

Issuer:

GlobalDrive Auto Receivables 2018 B.V.

Guarantor (if any):none
Aggregate nominal amount:EUR750mil Class A Notes

EUR24.4mil Class B Notes

Description:EUR750mil Class A Notes Frn due 2026

EUR24.4mil Class B Notes Frn due 2026

Offer price:Class A Notes: 100.35

Class B Notes: 100.00

Other offer terms:Legal maturity 20 September 2026, listing Euronext Dublin,  denoms 100k/1k

Stabilisation:

Stabilisation Coordinator:

Stabilising Managers:

Commerzbank AG

Banca IMI

Lloyds Bank plc

Societe Generale

Stabilisation period expected to start on:11 October 2018
Stabilisation period expected to end on:  no later than 30 days after the proposed issue date of the securities
Existence, maximum size and conditions of use of over-allotment facility.The Stabilising Managers may over-allot the securities to the extent permitted in accordance with applicable law.
Stabilisation trading venue:Euronext Dublin

In connection with the offer of the above securities, the Stabilising Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and and any stabilisation action, if begun, may cease at any time Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.

END

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