BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
FRANKFURT - Eurobank S.A. announced Monday that it plans to issue Euro-denominated senior preferred notes with a 3-year maturity and a potential call option after 2 years (3NC2), according to a pre-stabilization notice.
Deutsche Bank AG (ETR:DBKGn) will act as the Stabilization Coordinator for the offering, working alongside IMI-Intesa Sanpaolo, Jefferies, Santander (BME:SAN), and Société Générale (EPA:SOGN) as Stabilization Managers.
The stabilization period is expected to begin Monday and continue until August 18, 2025. During this time, the Stabilization Managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
The notes will carry the ISIN code XS3110850347, with initial price thoughts at MS+125 area (125 basis points over the mid-swap rate). The aggregate nominal amount has yet to be determined.
According to the press release statement, the stabilization activities will be conducted in accordance with applicable laws and regulations, including Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation and UK FCA Stabilisation Binding Technical Standards.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States. The offering is primarily directed at qualified investors in the European Economic Area and the United Kingdom (TADAWUL:4280).
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