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LONDON - INEOS Finance PLC has initiated a stabilization period for its upcoming €650 million 5.5-year bond offering, according to a company statement released Tuesday.
BNP Paribas will serve as the Stabilization Coordinator, working alongside Goldman Sachs Bank Europe SE, which will act as bookrunner and dealer, and ING as Stabilization Managers for the offering.
The stabilization period is expected to begin Tuesday and continue until October 27, 2025. During this time, the Stabilization Managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The offer price for the bonds has not yet been determined, according to the announcement.
The statement notes that the Stabilization Managers may over-allot securities to the extent permitted by applicable law, with stabilization trading expected to take place over-the-counter.
INEOS Finance’s announcement specifies that any stabilization action will be conducted in accordance with all applicable laws and rules, and may cease at any time.
The company statement indicates the bond offering is directed at qualified investors outside the United Kingdom or those within the UK who have professional experience in investment matters or qualify as high net worth individuals under the Financial Services and Markets Act 2000.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
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