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LONDON - Fortune Star (BVI) Limited plans to issue €400 million in 5-year bonds, according to a pre-stabilization announcement released Thursday. The bonds will be guaranteed by Fosun International Limited.
BNP Paribas will act as the Stabilization Coordinator for the offering, with BNP Paribas and Deutsche Bank serving as Stabilization Managers. The stabilization period is expected to begin on November 13, 2025, and end no later than December 22, 2025.
During the stabilization period, the Stabilization Managers may over-allot securities or conduct transactions to support the market price of the securities at a level higher than might otherwise prevail. However, the announcement notes that stabilization may not necessarily occur and any stabilization action could cease at any time.
The offering price has not yet been determined, according to the press release statement.
The bonds have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The offering is primarily directed at qualified investors outside the United Kingdom and within the European Economic Area in accordance with applicable regulations.
Any stabilization action or over-allotment will be conducted in accordance with all applicable laws and rules, the company stated.
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