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AMSTERDAM - ING Groep (AS:INGA) N.V. announced Wednesday it will issue Euro-denominated Tier 2 bonds with a 12-year maturity and 7-year call option, according to a press release statement.
ING Bank N.V., acting as the Stabilizing Manager, may undertake stabilization measures for up to 30 days following the proposed issue date to support the market price of the securities. The stabilization period is expected to begin on August 13, 2025.
As part of the stabilization process, the manager may over-allot securities to the extent permitted by applicable law or conduct transactions aimed at supporting the market price at levels higher than might otherwise prevail.
The bank noted that there is no guarantee that any stabilization action will be taken, and any such actions may be discontinued at any time.
The securities will not be registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. In the United Kingdom (TADAWUL:4280), the offer is directed only at persons with professional investment experience or high net worth individuals as defined by the Financial Services and Markets Act 2000.
Similarly, in European Economic Area member states that have implemented the Prospectus Directive, the offer is only addressed to qualified investors as defined by the directive.
The announcement did not specify the aggregate nominal amount or offer price of the securities.
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