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LONDON - ING Bank N.V. announced Wednesday it may act as stabilizing manager for Elia Transmission Belgium SA/NV’s upcoming €500 million 10-year green bond offering.
The stabilization period is expected to begin October 1, 2025, and last up to 30 days after the proposed issue date, according to a press release statement.
As the stabilizing manager, ING may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though there is no assurance that any stabilization action will be taken.
The bank noted that any stabilization action or over-allotment will be conducted in accordance with applicable laws and rules.
Elia Transmission Belgium, Belgium’s electricity transmission system operator, is issuing the green bond with a 10-year maturity. The offering is part of the company’s green financing initiatives.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The offering is primarily directed at qualified investors in European Economic Area Member States and at professional or high net worth individuals in the United Kingdom.
ING Bank stated that the announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of securities in any jurisdiction.
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