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MADRID - CaixaBank, S.A. announced Wednesday the start of a stabilisation period for its upcoming euro-denominated callable senior preferred notes, according to a press release statement.
Morgan Stanley (NYSE:MS) Europe SE will serve as the Coordinating Stabilisation Manager, alongside CaixaBank, Commerzbank (ETR:CBKG) Aktiengesellschaft, Landesbank Baden-Wurttemberg, Natixis, and NatWest Markets N.V. as additional stabilisation managers.
The stabilisation period is expected to begin June 18, 2025, and end no later than July 25, 2025. During this time, stabilisation managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
The aggregate nominal amount and offer price of the notes have yet to be confirmed. The securities will be traded on the Euronext (EPA:ENX) Dublin Regulated Market.
The stabilisation activities will be conducted in accordance with Commission Delegated Regulation (EU) 2016/1052 and UK FCA Stabilisation Binding Technical Standards.
The announcement specifies that the notes have not been and will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption.
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