Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
LONDON - HSBC Holdings (NYSE:HSBC) has notified the market of possible stabilization measures set to commence today, as part of its securities offering. The bank has indicated that its stabilization managers may engage in transactions to support the market price of the securities at a higher level than might naturally occur.
The securities in question are fixed-rate notes with a 5-year maturity and a 4-year non-call period, denominated in euros. The aggregate nominal amount is described as a benchmark size, with the offer price yet to be confirmed.
HSBC Bank plc, along with BBVA (BME:BBVA), Erste Group, IMI-Intesa Sanpaolo, KBC, Swedbank, and TD Securities, have been named as the stabilization managers. They are authorized to potentially over-allot securities or take other actions to maintain market prices starting from today and possibly extending up to June 6, 2025. An over-allotment facility up to 5% of the nominal amount has been disclosed, with any stabilization measures to occur over the counter (OTC).
The bank has made it clear, however, that there is no guarantee that stabilization activities will be conducted and, if commenced, they may be discontinued at any time. All activities will be carried out in compliance with applicable laws and regulations.
This announcement is informational and does not constitute an offer to underwrite or acquire securities. The securities offering is directed at qualified investors in the European Economic Area and at certain investors in the United Kingdom (TADAWUL:4280) with professional experience in investment matters or who are high net worth individuals, as per the Financial Services and Markets Act 2000.
The securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements. No public offering of the securities will be made in the United States.
This information, based on a press release statement, is provided by RNS, the news service of the London Stock Exchange (LON:LSEG) and approved by the Financial Conduct Authority in the UK. Terms and conditions related to the distribution of this information may apply.
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