AirNet Technology raises $180 million in digital assets offering
FRANKFURT - The European Stability Mechanism (ESM) announced plans to issue $2 billion in fixed-rate bonds due September 4, 2030, according to a pre-stabilization notice released Wednesday.
Deutsche Bank AG will serve as the stabilization coordinator for the offering, with Credit Agricole CIB, Deutsche Bank, and JPMorgan acting as stabilization managers. The stabilization period is expected to begin Wednesday and end no later than October 1, 2025.
The bonds will be priced at approximately 40 basis points over the mid-swap rate, though the final pricing has yet to be confirmed. The securities will be available in both 144A and Regulation S formats, with respective ISIN codes of US29881WAG78 and XS3171756128.
The stabilization managers may over-allot securities to the extent permitted by applicable law and may conduct transactions to support the market price of the securities during the stabilization period.
The ESM, established in 2012, is a permanent crisis resolution mechanism for eurozone countries. It provides financial assistance to member states experiencing or threatened by severe financing problems.
This announcement is based on a press release statement and is directed at qualified investors in accordance with applicable regulations. The securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States.
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