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LONDON - HSBC Bank plc has announced its role as the Stabilisation Coordinator for Banque Saudi Fransi’s latest securities offering, according to a press release issued on April 30, 2025. The bank may engage in stabilization activities to support the market price of the securities following their offering.
The securities in question are issued by Banque Saudi Fransi, with an aggregate nominal amount described as USD Benchmark and characterized as Fixed due PerpNC6, although the offer price is yet to be confirmed.
HSBC Bank plc has been named as the Stabilising Manager and may, from today, undertake measures to prevent or retard a decline in the market price of Banque Saudi Fransi’s securities. The stabilization period is expected to commence on April 30, 2025, and is anticipated to end by June 6, 2025, at the latest.
In accordance with the terms of the offering, the Stabilising Manager(s) have the option to over-allot securities up to 5% of the aggregate nominal amount. These transactions may occur over the counter (OTC).
It is important to note that there is no certainty that HSBC will engage in stabilization actions, and if initiated, such actions may cease at any time. All stabilization activities will be conducted in compliance with applicable laws and rules.
This announcement serves as a notice and does not constitute an offer to underwrite, subscribe for, or acquire any securities of the Issuer. The offer and the securities are directed at qualified investors in the European Economic Area and at persons in the United Kingdom (TADAWUL:4280) with professional investment experience or high net worth individuals, and must not be relied upon by other persons in these jurisdictions.
The securities mentioned have not been, and will not be, registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
This information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), which is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
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