LUXEMBOURG - Morgan Stanley (NYSE:MS) Europe SE has announced its role as the Coordinating Stabilisation Manager for Aareal Bank (ETR:ARLG) AG's upcoming securities offer, which may include over-allotment to support market prices. The stabilization period, beginning today, is expected to last until February 21, 2025, and will be conducted in accordance with applicable laws and rules.
The securities in question are USD denominated, undated, non-cumulative fixed to reset rate Additional Tier 1 Notes, with the aggregate nominal amount and offer price yet to be confirmed. The stabilization actions, including any over-allotment, will take place on the Luxembourg Stock Exchange's Regulated Market.
Morgan Stanley, along with BofA Securities Europe SA, Citigroup (NYSE:C) Global Markets Europe AG, Goldman Sachs Bank Europe SE, and UBS AG London Branch, will oversee the stabilization process. This process is designed to stabilize the market price of the securities post-issuance. However, there is no guarantee that stabilization will occur, and if initiated, it can be halted at any time.
This announcement comes with a clear stipulation that the offer and the securities are directed only at certain individuals outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional investment experience or are high net worth entities. The same applies to EEA Member States and the UK, where only qualified investors or those lawfully permitted are addressed.
The securities referred to have not been, and will not be, registered under the United States Securities Act of 1933, thus not being offered or sold in the United States without registration or an exemption. There will be no public offering of these securities in the United States.
This information is based on a press release statement and is intended for informational purposes only. It does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
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