FRANKFURT - Deutsche Bank AG (NYSE:DB), acting as the Stabilisation Coordinator, has announced a pre-stabilisation period in anticipation of a bond offering by E.ON SE (ETR:EONGn), an energy company. The notice, issued on Thursday, indicates that stabilization managers may engage in transactions to support the market price of the securities after their initial offering.
The securities in question include an 8.25-year and a 15-year green bond, with the total nominal amount yet to be confirmed. Initial price thoughts (IPTs) are set at mid-swap (MS) plus 140-145 basis points for the shorter duration bond and MS plus 180 basis points area for the green 15-year bond. The ISIN code for these securities is still to be announced.
Stabilization activities are expected to commence today and are slated to end no later than February 20, 2025. The stabilization managers, which include BofA Securities, Deutsche Bank (ETR:DBKGn), MUFG, and NatWest Markets N.V., may over-allot the securities as permitted by law to facilitate the stabilization process.
The announcement clarifies that any stabilization measures, which aim to support the price of the securities, may not necessarily occur and can be discontinued at any time. These actions will be in compliance with all applicable laws and rules.
The release also specifies that the information is for those outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals. Furthermore, the securities are not being offered in the United States and have not been registered under the U.S. Securities Act of 1933.
This bond issuance and the associated stabilization notice are targeted at qualified investors in the European Economic Area and the United Kingdom, in line with respective regulations. The announcement is based on a press release statement and serves as a preliminary notice to potential investors regarding the upcoming bond offer and possible market stabilization activities.
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