FRANKFURT - Deutsche Bank AG (NYSE:DB), as the stabilization coordinator, has announced that it may engage in stabilization activities for Digital Dutch Finco B.V.'s upcoming euro-denominated long 10-year bond issuance. The stabilization period is set to commence today and will continue until no later than February 18, 2025.
The new securities are backed by Digital Realty (NYSE:DLR) Trust, Inc., although the aggregate nominal amount and the International Securities Identification Number (ISIN) for the bonds are yet to be confirmed. Initial price thoughts (IPTs) for the issue are set at a spread of 180-185 basis points over the mid-swap rate.
Stabilization managers for the transaction include BBVA (BME:BBVA), Citi, Deutsche Bank (ETR:DBKGn), and TD. They are authorized to over-allot or effect transactions to support the market price of the securities during the stabilization period at a level higher than that which might otherwise prevail. However, there is no assurance that stabilization activities will occur, and if initiated, they may be discontinued at any time.
The announcement specifies that any stabilization action or over-allotment will comply with all applicable laws and regulations. It also clarifies that this announcement is purely for informational purposes and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
The offer is directed at persons outside the United Kingdom (TADAWUL:4280) and those within it who have professional experience in investment matters or who are high net worth individuals, as defined by local regulations. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration.
This information is based on a press release statement and is intended to inform potential investors and the market about the upcoming stabilization period for Digital Dutch Finco B.V.'s bond issue. It is not an offer for sale of securities in the United States or any other jurisdiction where such an offer would be unlawful.
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