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LONDON - ING Bank N.V. has notified the market that it may engage in stabilization activities for Swisscom (SIX:SCMN) Finance BV’s securities. According to a statement released today, the bank, acting as the Stabilising Manager, may undertake these actions in compliance with the Market Abuse Directive as implemented by Commission Regulation (EC) No. 2273/2003.
The securities in question are EUR 7Y 500m WNG bonds, backed by Swisscom Ltd as the guarantor. The stabilization period is set to commence today, with the possibility of extending up to 30 days post the proposed issue date.
The Stabilising Manager may also utilize an over-allotment facility, operating within the confines of the law, to potentially over-allocate the securities. This move is designed to support the market price of the securities, ensuring it remains above the level that might otherwise prevail without such intervention. However, ING has made it clear that there is no certainty that stabilization will be executed and, if initiated, can be discontinued at any moment.
This pre-stabilization notice is strictly informational and should not be construed as an invitation or offer to buy or sell any securities of Swisscom Finance BV. The notice also clarifies that the offer is aimed at persons outside the United Kingdom (TADAWUL:4280), or those within the UK who have professional experience with investments or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
Furthermore, the announcement emphasizes that the securities have not been registered under the United States Securities Act of 1933 and, as such, cannot be offered or sold in the United States without registration or an exemption from registration. Consequently, there will not be a public offering of these securities in the United States.
The information is based on a press release statement and is intended for those who are qualified investors or where the offer can be lawfully addressed, in accordance with the Prospectus Directive in any Member State of the EEA.
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