LONDON - The Council of Europe Development Bank (CEB) has initiated the offer of a GBP 300 million bond, due on January 9, 2028, with a coupon rate of 4.375% per annum. The bond, which has an ISIN of XS2972982917 and was priced at 100, commenced its stabilization period on January 2, 2025, as announced by Nomura Financial Products Europe GmbH, the Stabilisation Coordinator.
Nomura, alongside Barclays (LON:BARC) and Citi, has been named as the Stabilisation Manager(s) for this financial instrument. The stabilization period is expected to last until no later than February 10, 2025. During this time, the Stabilisation Manager(s) are authorized to over-allocate or undertake transactions to support the market price of the securities at a level higher than that which might otherwise prevail. However, there is no guarantee that stabilization will occur, and it may end at any time.
An over-allotment facility up to 5% of the aggregate nominal amount of the bond has been made available as part of the stabilization actions. The stabilization trading venues for these transactions are listed as Euroclear and Clear Stream.
This bond offering and the related stabilization measures are intended to provide support for the bond’s market price during the stabilization period. It should be noted that any stabilization action or over-allotment will be conducted in strict accordance with all applicable laws and rules.
The offer is directed specifically 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 under the Financial Services and Markets Act 2000.
It’s important to mention that this announcement is not an offer of securities for sale in the United States. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
The information regarding this bond offer is based on a press release statement and is provided for informational purposes only.
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