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LONDON - Rabobank International London announced today that it may engage in stabilization activities for Achmea Bank N.V.’s newly issued EUR 500 million fixed-rate senior preferred notes, which are due in 2028. The stabilization period, which is expected to commence today, April 28, 2025, could extend up to May 28, 2025.
The announcement comes as part of a pre-stabilization notice and does not serve as an offer to sell or a solicitation of an offer to buy any securities. The notes in question have not been registered under the United States Securities Act of 1933 and, as such, cannot be offered or sold within the United States without registration or an exemption from registration. Consequently, there will be no public offering of the notes in the United States.
Rabobank, acting as the Coordinating Stabilization Manager, along with DZ BANK, LBBW, ING, Natwest, Santander (BME:SAN), and Rabobank itself as Stabilizing Managers, may over-allot or undertake transactions to support the market price of the notes at a level higher than what might otherwise prevail in the market. However, there is no guarantee that stabilization activities will occur; if initiated, they may be discontinued at any time and will be conducted in compliance with all applicable laws and rules.
The stabilization mechanism is a common practice in securities offerings, allowing underwriters to buy and sell a security post-issuance to manage price volatility and support the market price. Stabilization transactions are subject to strict regulatory conditions and limitations.
This activity is related to the issuance of senior preferred notes by Achmea Bank N.V., a financial institution, and is being communicated in accordance with market regulations. The information regarding the stabilization is sourced from a press release statement provided by Rabobank and disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).
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