FRANKFURT – Deutsche Bank AG (NYSE: ), acting as stabilization coordinator, announced a pre-stabilization period pending a bond offering by E.ON SE (ETR: ), an energy company. The notice, published on Thursday, indicates that stabilization managers may engage in transactions to support the market price of securities after their initial public offering.
These are 8.25-year and 15-year green bonds, the total nominal amount of which has not yet been confirmed. Initial price considerations (IPTs) are set at the mean swap (MS) plus 140-145 basis points for the shorter-dated bond and MS plus 180 basis points for the green 15-year bond. The ISIN code for these securities has yet to be published.
Stabilization activities are expected to begin today and end no later than February 20, 2025. The stabilization managers, which include BofA Securities, Deutsche Bank (ETR: ), MUFG and NatWest Markets NV, may reallocate securities as permitted by law to facilitate the process stabilization.
The statement clarifies that any stabilization measures, which aim to support the price of securities, do not necessarily have to happen and can be stopped at any time. These actions will comply with all applicable laws and regulations.
The statement also said the information is intended for those outside the United States Kingdom (TADAWUL:) 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 US Securities Act of 1933.
This bond issue and the related stabilization notice are intended for qualified investors in the European Economic Area and the United Kingdom, subject to the relevant regulations. The notice is based on a public statement and serves as a preliminary notice to potential investors regarding the upcoming bond offering and possible market stabilization activities.
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