Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
BRUSSELS - ING Bank N.V. announced Monday it will act as stabilizing manager for a seven-year euro-denominated covered bond to be issued by ING Belgium N.V./S.A., according to a press release statement.
The stabilization period is expected to begin August 18, 2025, and end no later than 30 days after the proposed issue date of the securities. During this period, ING Groep (AS:INGA) may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
As part of the stabilization activities, the manager may over-allot securities to the extent permitted by applicable law, though 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 aggregate nominal amount of the covered bond issue was not specified in the announcement. The securities have not been 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 offering is directed only at persons with professional investment experience or high net worth individuals as defined under the Financial Services and Markets Act 2000. Similarly, in European Economic Area member states that have implemented the Prospectus Directive, the offering targets only qualified investors as defined by that directive.
The stabilization notice was filed with the London Stock Exchange (LON:LSEG)’s Regulatory News Service.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.