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FRANKFURT - Deutsche Bank AG announced Tuesday it may act as stabilization manager for Cirsa Finance International S.à r.l.’s upcoming senior secured notes offering valued at approximately €1 billion.
The stabilization period is expected to begin October 14, 2025, and end no later than November 18, 2025, according to a regulatory filing. The securities include euro-denominated senior secured notes due 2031 and floating rate notes due 2032.
Deutsche Bank may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, with a maximum over-allotment facility of 5% of the aggregate nominal amount. The bank noted there is no assurance that any stabilization action will be taken.
The notes will be guaranteed by Cirsa Enterprises, S.A. Trading venue for the stabilization activities is expected to be over-the-counter (OTC) markets.
The issue price, spread over benchmark, and exact offering size have not yet been determined, according to the press release statement.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. The offering is primarily directed at qualified investors outside the UK and in European Economic Area member states in accordance with applicable regulations.
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