LUXEMBOURG - Morgan Stanley (NYSE:MS) Europe SE has announced its role as the Coordinating Stabilisation Manager for Kreditanstalt für Wiederaufbau (KfW)'s latest securities offering, with a potential stabilization period commencing today. The offering consists of a USD 3 billion Global Benchmark bond, backed by the Federal Republic of Germany as the guarantor.
The stabilization period, which is the time during which the price of the newly issued securities may be supported to prevent or mitigate price drops, is expected to start on the date of the announcement and last no later than February 18, 2025. During this period, stabilization managers, including Barclays (LON:BARC) Bank Ireland PLC, HSBC Continental Europe, J.P. Morgan SE, and Morgan Stanley Europe SE, may engage in transactions to support the market price of the securities.
Stabilization actions, if initiated, aim to maintain the market price of the securities at a level higher than what might otherwise prevail in the market. However, there is no guarantee that stabilization will take place, and it may end at any time. Any such actions will be undertaken following all applicable laws and rules.
The securities will be traded on the Luxembourg Stock Exchange's Regulated Market. The stabilization managers have the authority to over-allot securities within the legal framework, which could involve issuing more securities than initially planned to support the price.
This announcement serves as an informational notice and does not constitute an offer to underwrite, subscribe for, or acquire the securities in any jurisdiction. The offer is directed at individuals outside the United Kingdom (TADAWUL:4280) and those within it who have professional investment experience or are high net worth entities as defined by local regulations.
The information in this article is based on a press release statement and is intended to inform interested parties of the facts surrounding the stabilization process for KfW's securities offering.
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