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FRANKFURT - Deutsche Bank AG (ETR:DBKGn), acting as the Stabilisation Coordinator, has announced the potential stabilization activities for Oesterreichische Kontrollbank AG’s (OKB) upcoming USD 3-year global benchmark bond. The stabilization period, which is aimed at supporting the market price of the securities, is set to begin today, Wednesday, May 21, 2025, and is expected to conclude by July 9, 2025.
The securities in question are backed by the Republic of Austria and have an aggregate nominal amount that is yet to be confirmed. The initial price thoughts (IPTs) for the issue are set at SOFR Mid-Swap SA 30/360+35bps area, with the final spread over the benchmark to be determined.
The stabilization activities, if commenced, will be managed by a syndicate including Bank of America, Deutsche Bank, Goldman Sachs Bank Europe SE, and HSBC. These measures may include over-allotment of securities, a common practice that allows the stabilizing managers to sell more securities than initially offered. This can help manage supply and demand and support the price level of the bond after the issuance.
It is important to note that while the stabilization managers have the authority to take action to support the market price of the securities, there is no guarantee that stabilization will occur. Any stabilization action, if initiated, can be halted at any time and must be conducted within the boundaries of applicable laws and rules.
The offer and sale of the securities are directed at qualified investors and certain other persons in accordance with the regulations in the United Kingdom (TADAWUL:4280) and the European Economic Area. The securities have not been and will not be registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. Consequently, there will be no public offer of these securities in the United States.
This announcement is based on a press release statement and is intended for informational purposes only, serving as neither an invitation nor an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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