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PARIS - French specialty chemicals company Arkema (EPA:AKE) has completed a €400 million bond offering with a 4.25% coupon, according to a post-stabilization notice issued Thursday by Societe Generale (OTC:SCGLY).
The bond offering was priced at 100% of face value, though the maturity date was not specified in the announcement. Societe Generale acted as the stabilization manager for the transaction.
The stabilization period for the bond offering began on May 20, 2025, and is expected to end no later than June 26, 2025. According to the notice, no stabilization activities were undertaken by the stabilization manager.
Stabilization refers to the process where underwriters may intervene in the market to support the price of newly issued securities during the initial offering period.
The bonds have not been and will not be 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 requirements.
The information was disclosed in a regulatory announcement to the London Stock Exchange (LON:LSEG).
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