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LONDON - Athene Global Funding has successfully completed a EUR 650 million bond issue, according to a post-stabilization notice released by Deutsche Bank AG (ETR:DBKGn) London on Tuesday. The fixed asset-backed notes, with a five-year maturity, were issued at a price of 100% with a spread of +115.8 basis points over the benchmark German government bond.
The securities, identified by the ISIN code XS3010301185, were not subject to stabilization actions by the appointed stabilizing managers, which included Barclays (LON:BARC), BNP Paribas (OTC:BNPQY) (BNPP), Deutsche Bank (DB), and JPMorgan (JPM).
Stabilization measures are typically undertaken to support the market price of securities immediately after their issuance, to prevent or mitigate price volatility. However, in this instance, no such actions were deemed necessary by the stabilizing managers.
The bond issuance by Athene Global Funding, which is not an offer for sale in the United States, will not be registered under the United States Securities Act of 1933. Consequently, the securities may not be offered or sold in the U.S. without registration or an exemption from registration requirements. The notice also clarified that there would not be a public offering of these securities in the United States.
This financial move by Athene Global Funding aligns with the company’s broader financing strategy, although the specific use of the proceeds from the bond issue was not disclosed in the notice.
Investors and market participants often view such bond issuances as an indicator of a company’s creditworthiness and market sentiment towards its financial health. The successful completion of this bond issue without the need for stabilization suggests confidence in Athene Global Funding’s financial stability.
The information for this report is based on a press release statement from Deutsche Bank AG London and is intended for informational purposes only.
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