LONDON – UBS Europe SE, acting as Stabilization Manager, may intervene to support the market price of a new 5-year covered bond issued by DNB Boligkreditt AS, according to a pre-stabilization notice issued today. The stabilization period is scheduled to begin today and is expected to last until February 26, 2025 at the latest.
The statement said that UBS Europe SE has the option to over-allot securities or participate in transactions to maintain the market price of the securities above levels that might otherwise prevail. However, stabilization activities are not guaranteed to continue, and if initiated, may be terminated at any time.
The exact total nominal amount of the covered bond, its offer price and other terms have yet to be confirmed (TBC). Potential stabilization measures, which are common practice in securities offerings, aim to provide liquidity and support for the new issue in the initial trading period.
Stabilization actions are subject to strict regulations, in this case aligned with Commission Regulation (EC) no. 2273/2003 on the implementation of the Market Abuse Directive (2003/6/EC). These rules are designed to prevent market manipulation and ensure transparency in financial markets.
The notice also clarifies that the offer of securities and the announcement are directed to persons with professional experience in UK investment matters, high net worth individuals and qualified investors within the European Economic Area as defined by the Prospectus Directive. The release further states that the securities have not been registered under the United States Securities Act of 1933 and therefore may not be offered or sold in the United States without registration or an exemption from registration.
This information, based on a public statement, is intended for informational purposes only and does not constitute an invitation or offer to acquire, subscribe or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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