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LONDON - BNP Paribas (OTC:BNPQY) has announced that no stabilization activities were carried out following the issuance of EUR 500 million in bonds by Avolta (Dufry One). The statement, released Thursday, follows a previous notice on Monday regarding the pre-stabilization period.
The securities in question, described as May 2032 4.5% bonds, were offered at par (100). Stabilization measures are typically executed by underwriters to support the market price of securities after their initial offering, but in this case, the Stabilisation Manager(s) decided against taking such actions.
BNP Paribas, alongside a consortium of banks including ING, Santander (BME:SAN), Banca Akros, LBBW, UBS, Bank of China, BBVA (BME:BBVA), Bank of America, CIC, Commerzbank (ETR:CBKG), Credit Agricole (OTC:CRARY), Goldmans, HSBC, IMI (LON:IMI), MedioBanca, MUFG, Raiffeisen Bank Intl, and Unicredit (BIT:CRDI), was responsible for managing the offer.
The announcement clarified that the bonds have not been, nor will they be, registered under the United States Securities Act of 1933 and, as such, may not be offered or sold within the United States absent registration or an exemption from registration requirements. Consequently, there will not be a public offering of these securities in the United States.
This statement is intended for informational purposes only and does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The information is based on a press release statement and is provided without any endorsement of the claims.
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