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AMSTERDAM - ABN AMRO (AS:ABNd) Bank N.V. has announced that it may engage in stabilization activities following the offer of its EUR 4-year Senior Preferred Fixed Rate Reg S Bearer Notes, which are expected to be listed on Euronext (EPA:ENX) Amsterdam. The bank disclosed this information today, stating that the stabilization period is set to commence on May 28, 2025, and could extend up to June 27, 2025.
The stabilization, if executed, will be managed by ABN AMRO as the stabilization coordinator, with Citigroup (NYSE:C), Credit Agricole (OTC:CRARY), Lloyds (LON:LLOY), and Morgan Stanley (NYSE:MS) serving as stabilization managers. The aim of such measures would be to support the market price of the securities post-launch to prevent or retard a decline in their market value.
The aggregate nominal amount of the notes and the offer price are yet to be determined, but the bank mentioned an over-allotment facility of up to 5% of the aggregate nominal amount of the notes.
Stabilization activities are a common practice in securities offerings, allowing underwriters to buy and sell a security to influence its price after it has been issued. However, ABN AMRO clarified that there is no guarantee that stabilization will occur, and if commenced, it can be halted at any time.
The announcement is intended for professionals and high net worth entities experienced in investment matters, and it does not constitute a public offer or an invitation to acquire securities in the United States. The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the U.S. without registration or an exemption from registration requirements.
This pre-stabilization notice follows regulatory practices and is meant to keep the market informed of possible measures that might be taken to prevent volatility in the price of the new securities. The information is based on a press release statement and is distributed for information purposes only, without any endorsement of the securities mentioned.
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