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LONDON - TD Global Finance, acting as the Stabilization Coordinator, has announced the potential stabilization activities for BNG Bank N.V.’s forthcoming USD RegS/144A Fixed Rate Notes, which are set to mature in June 2035. As of today, the stabilization period is expected to begin, lasting no later than July 4, 2025, a 30-day window following the proposed issuance date.
The stabilization measures, in compliance with EU regulations, aim to support the market price of the securities post-launch. These activities may include over-allotment of securities, within legal limits, and secondary market transactions to maintain prices at a higher level than might prevail otherwise. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time.
The offer price of the notes is yet to be confirmed, and the aggregate nominal amount is described as a USD Benchmark, indicating a reference point for the size of the issue.
The stabilization managers for this operation include Banco Santander (BME:SAN) S.A., BofA Securities Europe SA, and CIBC (TSX:CM) Capital Markets (Europe) S.A., alongside TD Global Finance. The transactions, if any, will take place over the counter (OTC).
This announcement serves as a notice and does not constitute an offer to underwrite or acquire securities. It is directed at qualified investors outside the United Kingdom (TADAWUL:4280), or those within the UK who have relevant professional investment experience or are high net worth individuals, as per local financial promotion rules.
The securities mentioned will not be registered under the U.S. Securities Act of 1933 and, as such, cannot be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
The information in this article is based on a press release statement and is intended for informational purposes only.
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