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LONDON - HSBC Holdings (NYSE:HSBC) has indicated that it may engage in stabilization activities for its upcoming securities offering, as announced on Monday. The bank, through its syndication contact, has communicated the possibility of such actions in support of its securities, which are expected to be a fixed-rate offering with a nine-year maturity, commonly referred to as 9NC8.
The stabilization period commenced today and is anticipated to continue until June 6, 2025, with HSBC Bank plc leading the efforts alongside other financial institutions, including ABN Amro, CaixaBank, CIBC (TSX:CM) Capital Markets, Commerzbank (ETR:CBKG), Danske Bank (CSE:DANSKE), and Nordea.
During this time, the Stabilization Manager(s) may over-allot securities or undertake transactions to maintain the market price above levels that might prevail in the open market. These measures, however, are not guaranteed, and the stabilization activities, if initiated, can be discontinued at any time. The specifics of the offer price and the total nominal amount in euros remain to be confirmed.
The announcement also highlights the existence of an over-allotment facility, which could be up to 5% of the aggregate nominal amount of the securities. Any stabilization maneuvers or over-allotment will comply with all applicable laws and regulations.
This pre-stabilization notice serves as a precursor to the formal offering and is not an invitation to underwrite or acquire securities. The offer is directed at qualified investors within the European Economic Area (EEA) as per the Prospectus Regulation and at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), in accordance with local regulations.
HSBC Holdings has clarified that this announcement does not constitute an offer of securities for sale in the United States, as the securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold without registration or an exemption from registration. There will be no public offering of these securities in the United States.
The information provided is based on a press release statement and is intended for informational purposes only, ensuring that interested parties are aware of the potential market stabilization measures that may be undertaken by HSBC Holdings and its Stabilization Manager(s).
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