LONDON - ING Bank N.V.'s London Branch has notified the market that it may engage in stabilization activities for Toyota Motor (NYSE:TM) Finance (Netherlands) B.V.'s securities, starting today, in line with EC regulations. This move is aimed at supporting the market price of the securities post-issuance, potentially for up to 30 days.
The exact details of the securities, including the aggregate nominal amount and offer price, were not disclosed, but the announcement indicated a Euro Benchmark description. The stabilization, if executed by ING Groep (AS:INGA) as the Stabilising Manager, will adhere to the Commission Regulation (EC) No. 2273/2003, which implements the Market Abuse Directive.
Stabilization mechanisms are a common practice where underwriters can buy shares of a new issue to prevent or mitigate price declines shortly after the securities are offered. This process can include over-allotment, also known as greenshoe options, which allows the stabilizing agent to issue more shares than originally planned to support the price.
The announcement clarified that the potential stabilization activities are not guaranteed and may be stopped at any time. These activities are subject to strict rules to prevent market manipulation and are intended to provide liquidity and maintain a fair price range for the newly issued securities.
The press release also emphasized that the information is solely for those with professional investment experience or high net worth individuals in the UK, as defined by local regulations. Additionally, the securities are not being offered in the United States and cannot be sold there without registration or an exemption.
This notice is based on a press release statement and is intended to inform potential investors and market participants of the possible stabilization actions that may occur in relation to Toyota Motor Finance's securities issuance. It does not constitute an offer to buy or sell any securities.
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