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LONDON - Arqiva Broadcast Finance plc plans to offer £500 million in fixed rate securities with a 5-year maturity and a 2-year non-call period, according to a pre-stabilization notice issued Tuesday.
HSBC Bank plc will serve as the stabilization coordinator for the offering, with the stabilization period expected to begin on June 25 or 26 and conclude no later than August 4, 2025.
The stabilization manager may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, though there is no guarantee any stabilization action will be taken. Any such actions would be conducted in accordance with applicable laws and rules.
The over-allotment facility allows for additional securities of up to 5% of the aggregate nominal amount, with stabilization to take place over the counter.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States. Within the European Economic Area, the offering is directed only at qualified investors as defined in the Prospectus Regulation.
In the United Kingdom (TADAWUL:4280), the offering targets individuals with professional investment experience or high net worth persons within the meaning of the Financial Services and Markets Act 2000.
The offer price has yet to be determined, according to the press release statement.
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