Gold prices edge up amid Fed rate cut hopes; US-Russia talks awaited
LONDON - BNP Paribas (OTC:BNPQY), alongside other financial institutions, has been managing the stabilization of the senior secured fixed rate notes issued by Wolseley (LON:FERG) Group Finco PLC, according to a statement released on Thursday. The stabilization efforts began on Monday, following an initial announcement on May 16, 2025.
The aggregate nominal amount of the securities is 350 million GBP, with several transactions recorded over-the-counter (OTC) between May 16 and May 21, 2025. Prices during these transactions ranged from 98.50 to 99.55.
Stabilization managers for these transactions included BNP Paribas, Lloyds (LON:LLOY) Bank, Wells Fargo (NYSE:WFC), RBC, and BOFA. The stabilization process is a common practice in securities offerings, intended to support the market price of the securities after their initial release.
The notice clarifies that the securities are not being offered or sold in the United States, as they have not been registered under the United States Securities Act of 1933. Furthermore, there will not be a public offering of these securities in the United States.
This announcement is primarily directed at persons outside the United Kingdom (TADAWUL:4280), or those within the UK who have professional experience in investment matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
The information regarding the stabilization transactions is based on a press release statement and is intended for informational purposes only. It does not constitute an offer to underwrite, subscribe for, or acquire securities in any jurisdiction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.