LONDON - The Council of Europe Development Bank (CEB) has initiated a pre-stabilisation period for its new GBP 300 million bond issuance, with Nomura Financial Products Europe GmbH acting as the Stabilisation Coordinator. The bond, due on January 9, 2028, features a 4.375% annual coupon and is expected to have a stabilisation period starting from Thursday last week and potentially running until February 10, 2025.
The stabilisation manager, Nomura Financial Products Europe, may engage in transactions to support the market price of the securities during this period at a level higher than what might otherwise prevail in the market. However, there is no guarantee that stabilisation will occur, and it may end at any time. The maximum size of the over-allotment facility is set at 5% of the aggregate nominal amount of the bond.
The securities, bearing the ISIN XS2972982917, have been offered at a price of 100, with trading venues for stabilisation including Euroclear and Clear Stream. The bond issuance and stabilisation actions are to be carried out in compliance with all applicable laws and rules.
The announcement and offer are directed at qualified investors outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters or are high net worth individuals as specified by the Financial Services and Markets Act 2000. The securities have not been and will not be registered under the United States Securities Act of 1933, hence they will not be offered or sold in the United States absent registration or an exemption from registration.
This operation is part of CEB’s financing activities aimed at supporting social projects across Europe. The information provided is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite or acquire securities in any jurisdiction.
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