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LONDON - BNP Paribas (OTC:BNPQY) announced Wednesday it will act as Stabilization Coordinator for Dolcetto Holdco S.P.A.’s upcoming bond offerings, with the stabilization period expected to begin today and end no later than August 13, 2025.
The Italian company plans to issue two types of seven-year bonds: a fixed-rate euro-denominated bond and a floating-rate euro-denominated note. The aggregate nominal amount and offer prices have not yet been determined, according to the press release.
BNP Paribas will lead the stabilization efforts alongside other appointed stabilization managers including Barclays (LON:BARC), Deutsche Bank (ETR:DBKGn), Intesa, Mizuho (NYSE:MFG), CACIB, and KKR.
During the stabilization period, managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail. The stabilization trading venue will be over-the-counter (OTC).
The stabilization managers may over-allot securities to the extent permitted by applicable law, though the announcement notes that stabilization may not necessarily occur and any stabilization action may cease at any time.
The bond offerings are directed at qualified investors outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters or are high net worth individuals as defined by financial regulations.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
All stabilization activities will be conducted in accordance with applicable laws and rules, including Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation.
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