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BRUSSELS - ING Bank N.V. will serve as the stabilising manager for KBC Group NV's upcoming EUR benchmark bond offering, according to a pre-stabilisation notice issued Monday.
The 8-year non-call 7 (8NC7) bond issuance is expected to enter its stabilisation period on November 17, 2025, with the period lasting up to 30 days after the securities' proposed issue date.
As the designated stabilising manager, ING may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail, including the possibility of over-allotting securities to the extent permitted by applicable law.
The notice indicates that any stabilisation actions would be conducted in accordance with all applicable laws and rules, though there is no assurance that ING will undertake any stabilisation measures. Any such actions, if initiated, may be terminated at any time.
The bond offering is described as a "EUR Benchmark" issue, though specific pricing details were not disclosed in the announcement.
The pre-stabilisation notice, which serves as an informational statement rather than an invitation to acquire securities, specifies that the offering is directed at qualified investors in European Economic Area member states and experienced investors in the United Kingdom.
The securities will not be registered under the United States Securities Act of 1933 and are not being offered for sale in the United States, according to the press release statement.
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