Gold prices hit record high above $3,650/oz on rate cut bets, haven appeal
STOCKHOLM - Dometic Group AB announced Thursday it plans to issue a €300 million five-year bond, with BNP Paribas acting as the stabilization coordinator for the offering.
The Swedish manufacturer of mobile living solutions said the bond’s offer price is yet to be determined. The stabilization period is expected to begin Thursday and continue until October 11, 2025.
BNP Paribas, Danske Bank, DNB Carnegie, Nordea, and SEB will serve as stabilization managers for the bond issuance, according to the company’s press release statement.
The stabilization managers may over-allot securities or conduct transactions to support the market price of the securities during the stabilization period at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The company noted that any stabilization action, if begun, may cease at any time and will be conducted in accordance with applicable laws and rules.
The announcement specified that the securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
Dometic Group AB, headquartered in Stockholm, specializes in products for mobile living in the areas of food and beverage, climate, power and control, and other applications.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.