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LONDON - ING Bank N.V. announced Thursday it may act as stabilising manager for SGSP (Australia) Assets Pty Limited’s upcoming €500 million seven-year bond offering, according to a press release statement.
The stabilisation period is expected to begin September 25, 2025, and end no later than 30 days after the proposed issue date. During this period, ING may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
As stabilising manager, ING may over-allot securities to the extent permitted by applicable law, though the bank noted there is no assurance that any stabilisation action will be taken. Any such actions would be conducted in accordance with all applicable laws and rules.
The announcement specified that the securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
The notice also indicated that within the European Economic Area, the offering is only directed at qualified investors as defined in the Prospectus Directive, while in the United Kingdom it targets only high net worth individuals or those with professional investment experience.
The statement did not disclose the offer price for the securities.
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