Oil prices hold gains amid Russia supply risks; OPEC+ meeting looms
PARIS - BNP Paribas (OTC:BNPQY) has announced that it did not carry out any stabilization measures for the securities offered by SPIE SA, a service provider in energy and communications. The notice, dated May 22, 2025, follows a pre-stabilization period announcement made the previous day.
The securities in question consist of a €600 million aggregate nominal amount with a 3.75% yield, maturing in May 2030, offered at a price of 100. BNP Paribas served as the lead stabilization manager, accompanied by Credit Agricole (OTC:CRARY), Natixis, Societe Generale (OTC:SCGLY) (SG), CIC, Commerzbank (ETR:CBKG), ING, La Banque Postale, and JPMorgan (JPM).
Stabilization activities, as defined by Article 3.2(d) of the Market Abuse Regulation (EU/596/2014), are measures taken by underwriters to support the market price of securities immediately following their issuance. The absence of such actions could indicate that the market has naturally found a balance for the SPIE SA securities at the offer price.
It’s important to note that the securities mentioned have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold in the United States without registration or an exemption from registration. Additionally, there has been no public offer of the securities in the United States.
The disclosure is purely informational and does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of SPIE SA in any jurisdiction. This article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.