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LONDON - ING Bank N.V. announced Tuesday it may act as stabilizing manager for Vier Gas Transport GmbH’s upcoming €500 million bond offering with an 8-year maturity.
According to a pre-stabilization notice, the stabilization period is expected to begin September 2, 2025, and last up to 30 days after the proposed issue date of the securities.
As part of the stabilization activities, ING Bank may over-allot securities or conduct transactions to support the market price of the bonds at levels higher than might otherwise prevail. However, the bank noted there is no assurance that any stabilization action will be taken, and any such actions may be terminated at any time.
The stabilization measures will be conducted in accordance with applicable laws and regulations, the bank stated in its release.
Vier Gas Transport GmbH, a German energy infrastructure company, has not yet disclosed the offer price for the bond issuance.
The securities will not be registered under the United States Securities Act of 1933 and are not being offered in the United States. The offering is directed at qualified investors in European Economic Area Member States that have implemented the Prospectus Directive, and to specific categories of investors in the United Kingdom with professional investment experience.
This information is based on a pre-stabilization notice issued through the London Stock Exchange’s news service.
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