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LONDON - ING Bank N.V. announced Tuesday that it may conduct stabilization activities for its upcoming EUR 5-year and 10-year benchmark securities offering, according to a pre-stabilization notice.
The bank stated that ING Groep will act as the Stabilizing Manager for the securities. The stabilization period is expected to begin on August 26, 2025, and end no later than 30 days after the proposed issue date.
As part of the stabilization effort, the Stabilizing Manager may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, though there is no assurance that any stabilization action will be taken.
The notice emphasized that any stabilization action or over-allotment will be conducted in accordance with applicable laws and rules.
The announcement specified that 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 without registration or an exemption.
The notice also indicated that in the United Kingdom, the offer is only directed at persons with professional investment experience or high net worth individuals as defined under the Financial Services and Markets Act 2000.
For European Economic Area Member States that have implemented the Prospectus Directive, the offer is only addressed to qualified investors as defined by that directive.
This information was provided in a press release statement issued by ING Bank N.V.
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