Bitcoin price today: little changed near $119k ahead of Fed meet, tariff deadline
LONDON - HSBC Bank plc announced Wednesday it will act as Stabilization Coordinator for QIC (Cayman) Limited’s upcoming USD benchmark fixed perpetual bond offering, according to a press release statement.
The securities, which will be guaranteed by Qatar Insurance Company Q.S.P.C., are described as "Fixed PerpNC6" with the offer price yet to be determined. The stabilization period is expected to begin July 2, 2025, and end no later than August 8, 2025.
HSBC Bank plc, ANZ, Emirates NBD Capital, J.P. Morgan, Mashreq and QNB Capital will serve as Stabilization Managers for the offering. The stabilization mechanism may include over-allotment of up to 5% of the aggregate nominal amount of securities.
As part of the stabilization process, managers may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, though there is no guarantee stabilization action will be taken.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. The offering is primarily directed at qualified investors in EEA Member States and at professional or high net worth individuals in the United Kingdom (TADAWUL:4280), in accordance with applicable regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.