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LONDON - Ball Corporation (NYSE:BALL) and its domestic subsidiaries, which guarantee its existing indebtedness, may engage in market stabilization activities for its upcoming EUR 7-year note offering, as announced today by BNP Paribas (OTC:BNPQY), the stabilization coordinator. The stabilization period is set to commence today and is expected to last until June 19, 2025.
The stabilization measures, which could include over-allotment of securities, are aimed at supporting the market price of the securities during the stabilization period. This action is intended to maintain pricing levels above those that might prevail in the open market and will be conducted in compliance with all applicable laws and regulations, including the Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).
BNP Paribas, along with other stabilization managers including Deutsche Bank (ETR:DBKGn), Credit Agricole (OTC:CRARY) CIB, UniCredit, Bank of America, Citigroup (NYSE:C), Goldman Sachs, Rabobank, Santander (BME:SAN), Mizuho (NYSE:MFG) Securities, Morgan Stanley (NYSE:MS), SMBC Nikko Securities, Barclays (LON:BARC), and HSBC, are authorized to potentially over-allot the securities to the extent permitted by law.
These transactions, if initiated, may occur on the over-the-counter (OTC) market and are not guaranteed to take place. If started, they may be discontinued at any time. The announcement clarifies that this information is solely for informational purposes and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
The offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional investment experience or are high net worth individuals as described under the Financial Services and Markets Act 2000. Furthermore, the securities have not been and will not be registered under the United States Securities Act of 1933, and as such, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This means there will be no public offering of the securities in the United States.
This news article is based on a press release statement and provides an overview of the potential market stabilization activities by Ball Corporation and its appointed stabilization managers.
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