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PARIS - Societe Generale (OTC:SCGLY) announced Thursday that no stabilisation measures were undertaken for Belfius’s recent €750 million bond offering, according to a post-stabilisation notice.
The 5-year bonds, maturing on May 28, 2030, carry a 3.375% coupon and were initially offered at 99.774% of face value. The stabilisation period, which began on May 21, 2025, was expected to continue until June 27, 2025, but no market intervention was deemed necessary.
Societe Generale served as the stabilisation manager for the offering, with authority to potentially over-allot securities in accordance with applicable regulations to maintain market stability during the initial trading period.
Stabilisation activities typically involve purchasing securities in the open market to prevent price declines below the issue price during the initial trading period after an offering.
The bonds have not been registered under the United States Securities Act of 1933 and are not being offered to investors in the United States.
This information was disclosed in a regulatory announcement released by Societe Generale through the London Stock Exchange (LON:LSEG)’s news service.
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