Intel stock spikes after report of possible US government stake
LONDON - Accorinvest Group SA has initiated a pre-stabilization period starting today, as announced by BNP Paribas (OTC:BNPQY), the stabilization coordinator. The financial institution, along with other stabilization managers, may undertake measures to support the market price of the securities during this phase.
The securities in question include three tranches with varying maturities and structures: a 5-year fixed, a 7-year fixed, and a 7-year floating rate note, with the aggregate nominal amount yet to be confirmed. The offer price for these securities will also be determined at a later date.
Stabilization activities, which are expected to run until June 21, 2025, may include over-allotment of securities to the extent permitted by law, with the aim of maintaining a market price higher than what might otherwise prevail. However, there is no guarantee that stabilization will occur, and if it does begin, it can end at any time.
BNP Paribas, along with Credit Agricole (OTC:CRARY), Natixis, Commerzbank (ETR:CBKG), MUFG, Bank of America, CIC, ICBC, Natwest, and Goodbody, are the appointed stabilization managers. The trading venue for these activities will be over-the-counter (OTC), with the specific venue yet to be confirmed.
This announcement serves as a notice and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The offer is directed at persons outside the United Kingdom (TADAWUL:4280) or those within it who have professional experience in investment matters or are high net worth individuals, as specified by the Financial Services and Markets Act 2000.
Furthermore, in accordance with the Prospectus Regulation, the announcement and the offer are addressed to qualified investors or others to whom the offer may lawfully be communicated in the UK or any EEA Member State.
Securities mentioned in this announcement have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption from registration. There will be no public offer of these securities in the United States.
The information provided here is based on a press release statement.
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