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LONDON - Accorinvest Group SA has initiated a pre-stabilization period starting Thursday, as announced by BNP Paribas (OTC:BNPQY) acting as the stabilization coordinator. The move comes ahead of the company’s offer of a set of securities, which includes EUR 5-year fixed, EUR 7-year fixed, and EUR 7-year floating rate notes, with the total nominal amount to be confirmed.
The stabilization period, which is expected to run until June 22, 2025, allows the stabilization managers to over-allot or undertake transactions to maintain the market price of the securities at levels above those that might prevail in the open market. However, there is no guarantee that stabilization activities will take place, and if they do, they can be discontinued at any time.
Stabilization efforts will be managed by a syndicate including BNP Paribas, Credit Agricole (OTC:CRARY), Natixis, Commerzbank (ETR:CBKG), MUFG, Bank of America, CIC, ICBC, Natwest, and Goodbody. These transactions, if initiated, will be conducted over the counter (OTC) and in compliance with all applicable laws and regulations, particularly the Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).
This announcement is intended for informational purposes and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of Accorinvest Group SA. The offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280) and those within it who have professional experience in investment matters or are high net worth entities, in accordance with the Financial Services and Markets Act 2000.
Moreover, the securities have not been and will not be registered under the United States Securities Act of 1933, hence they may not be offered or sold in the United States absent registration or an exemption from registration. As such, there will be no public offer of these securities in the United States.
The information provided is based on a press release statement from Accorinvest Group SA and BNP Paribas, and it outlines the framework and expectations for the upcoming stabilization period related to the securities offer by the company.
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