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LONDON - ING Bank N.V. announced Wednesday it may act as stabilizing manager for Trafigura Funding S.A.’s upcoming USD 5-year securities offering, according to a pre-stabilization notice.
The stabilization period is expected to begin July 9, 2025, and last up to 30 days after the proposed securities issuance date. During this time, ING may conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
As stabilizing manager, ING is permitted to over-allot securities to the extent allowed by applicable law, though the notice emphasized there is no assurance that any stabilization action will be taken. Any such actions would be conducted in accordance with all applicable laws and rules.
The securities will be issued by Trafigura Funding S.A., though the pre-stabilization notice did not specify the aggregate nominal amount or offer price of the securities.
The notice stated that the announcement is for information purposes only and does not constitute an invitation or offer to acquire securities in any jurisdiction. The offering comes with regulatory restrictions regarding eligible investors in the United Kingdom (TADAWUL:4280) and European Economic Area Member States that have implemented the Prospectus Directive.
Additionally, the securities have not been and will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption.
The information was provided through RNS, the news service of the London Stock Exchange (LON:LSEG).
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