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LONDON - UBS AG London Branch is set to potentially stabilize the market price of securities offered by Australia and New Zealand Banking Group Limited (ANZ), as per a notice issued on January 22, 2025. The securities in question include a short 3-year Senior Floating Rate Note (FRN) and a 10.5-year non-call 5.5-year Subordinated Debt (SDG Tier 2), with the aggregate nominal amount and offer price to be confirmed.
The stabilization period, which is part of a strategy to support the market price of the securities post-issuance, is expected to commence today and may last until February 28, 2025. UBS, acting as the Stabilising Manager, has the option to over-allot up to 5% of the aggregate nominal amount of the securities.
This pre-stabilisation notice follows the guidelines of Commission Regulation (EC) No. 2273/2003, which implements the Market Abuse Directive (2003/6/EC). The notice clarifies that stabilization actions, if undertaken, are not guaranteed and may be stopped at any time. The intent is to maintain price stability and avoid market distortions post-launch.
The announcement emphasizes that the securities are not being offered or sold in the United States, as they have not been registered under the United States Securities Act of 1933. Therefore, they cannot be offered or sold within the US absent registration or an exemption from registration, and no public offering will be made in the US.
The target audience for this offer includes professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), as well as qualified investors in the European Economic Area (EEA) Member States, in line with the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and the Prospectus Directive.
The information disclosed is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The London Stock Exchange (LON:LSEG)'s news service RNS, approved by the Financial Conduct Authority, provided the information.
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