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MADRID - Spanish infrastructure group ACS has completed a €500 million bond offering without requiring market stabilization measures, according to a notice issued Friday by Societe Generale (OTC:SCGLY), which served as the stabilization manager for the transaction.
The 5-year bonds, maturing on June 11, 2030, carry a coupon rate of 3.75% and were priced at 99.299% of face value. The stabilization period, which began on June 4, 2025, concluded today with no intervention needed to support the bond price in secondary trading.
Market stabilization is a temporary measure sometimes employed during new securities offerings to prevent excessive price volatility. The absence of stabilization activity suggests the bonds achieved sufficient market demand at the offering price.
The bonds were offered outside the United States, with the notice specifically stating they were not registered under the U.S. Securities Act and could not be offered or sold in the United States without registration or an exemption.
ACS, formally known as Actividades de Construcción y Servicios, is one of Spain’s largest construction and infrastructure development companies with global operations.
The information was disclosed in a regulatory announcement to the London Stock Exchange (LON:LSEG) through its news service RNS.
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