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LONDON - BNP Paribas (OTC:BNPQY) has announced it will serve as Stabilization Coordinator for securities to be offered by Italian company Nexture SPA, according to a press release statement issued Tuesday.
The stabilization period is expected to begin July 15, 2025, and end no later than August 23, 2025. During this time, BNP Paribas and other stabilization managers may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
The offering will consist of euro-denominated floating rate notes (FRN) with details on the aggregate nominal amount and offer price yet to be determined. The stabilization managers named in the announcement include BNP Paribas, UniCredit, Credit Agricole (OTC:CRARY) CIB, Intesa Sanpaolo (OTC:ISNPY), Natixis, and UBS.
The stabilization managers may over-allot securities to the extent permitted by applicable law, with stabilization trading expected to take place over-the-counter (OTC).
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The announcement specifically notes that any stabilization action may not necessarily occur and could cease at any time.
All stabilization activities will be conducted in accordance with applicable laws and rules, including the European Union’s Market Abuse Regulation and Commission Delegated Regulation EU/2016/1052.
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