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FRANKFURT - Deutsche Bank AG (ETR:DBKGn) has announced its role as the Stabilisation Manager for Currenta Group Holdings S.à r.l.’s new securities offering. Starting today, the bank may engage in measures to stabilize the market price of the securities.
Currenta Group Holdings is issuing EUR 350 million Senior Secured Floating Rate Notes due 2030, with the specific issue and reoffer prices yet to be determined. These securities will not be guaranteed upon issuance. The stabilization period, which begins today, is expected to last until no later than June 10, 2025, and will be conducted over-the-counter (OTC).
The stabilization actions, which may include over-allotment of securities up to 5% of the aggregate nominal amount, are intended to support the market price of the securities. However, Deutsche Bank has stated that there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time. All activities will comply with applicable laws and rules.
The announcement clarifies that this information does not constitute an offer to underwrite or acquire securities and is directed only at certain individuals and entities. Specifically, it targets those outside the United Kingdom (TADAWUL:4280) or within the UK who have professional investment experience or are high net worth entities as defined by the Financial Services and Markets Act 2000.
Additionally, the securities will not be offered or sold in the United States, as they have not been registered under the United States Securities Act of 1933. The offer is addressed to qualified investors in the European Economic Area in accordance with the Prospectus Directive.
This stabilization notice is based on a press release statement and is disseminated by RNS, a news service of the London Stock Exchange (LON:LSEG) authorized by the Financial Conduct Authority in the UK. Terms and conditions related to the distribution of this information may apply.
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