FRANKFURT – Deutsche Bank AG (NYSE:), Frankfurt, acting as the Stabilisation Coordinator, announced that Heimstadens Bostad AB (the Issuer) is set to offer a €500 million bond with a potential stabilization period commencing today. The bond issuance, described as a EUR 500m WNG PNC5.25, has an initial price talk of 6.875%-7% annual yield.
The stabilization period, a mechanism that allows underwriters to buy and sell a security after its initial offering to support the market price, is expected to start on Tuesday and may continue until January 7, 2025. During this time, the Stabilisation Managers, which include BNP PARIBAS, Citi, Deutsche Bank (ETR:), J.P. Morgan, and Nordea, are authorized to over-allot or undertake transactions to maintain the market price of the securities.
This pre-stabilisation notice indicates that the Stabilisation Managers may take action to prevent or retard a decline in the market price of Heimstaden Bostad AB’s securities. However, there is no certainty that stabilization will occur, and if initiated, it may be discontinued at any time.
The bond offering and the potential stabilization actions are directed at qualified investors and those with professional experience in investment matters, adhering to the regulations set by the Financial Services and Markets Act 2000 in the UK, the Prospectus Regulation in the European Union, and the UK Prospectus Regulation.
It is important to note that this announcement is for informational purposes only and does not constitute an offer to underwrite or acquire securities. Moreover, the securities in question 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 applicable exemption from such registration requirements. Consequently, there will be no public offer of these securities in the United States.
This information is based on a press release statement and is intended to provide investors with the facts of the bond offering and the associated stabilization measures without promotional embellishment.
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