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BRUSSELS - J.P. Morgan SE, acting as the Stabilisation Coordinator, has informed the market that it may undertake stabilization activities for KBC Group (OTC:KBCSY) NV’s new securities issuance. The notice, dated today, outlines the potential for these measures to support the market price of the securities following their offer.
The securities in question are a perpetual bond with a non-call period of 5.5 years, to be listed on Euronext (EPA:ENX) Brussels, with an aggregate nominal amount described as EUR Benchmark. The offer price is yet to be confirmed.
The stabilization period for these securities began today, May 20, 2025, and is expected to continue until no later than June 20, 2025. During this time, the Stabilising Manager(s) may over-allot the securities or undertake transactions to maintain the market price above levels that might prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it can be halted at any time within the specified period.
The stabilization activities, if commenced, will be conducted under the rules of the Commission Delegated Regulation EU/xxx/2016, part of the Market Abuse Regulation (EU/596/2016). The Stabilising Manager(s) have the authority to over-allot securities up to 5% beyond the aggregate nominal amount stated.
The Stabilising Manager(s) involved alongside J.P. Morgan SE include Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), BofA Securities, Goldman Sachs, and KBC Bank. Any stabilization actions taken will be carried out over the counter.
This announcement serves as a notice and does not constitute an offer to underwrite, subscribe for, or acquire securities. The offer is directed at qualified investors outside the United Kingdom (TADAWUL:4280) and specific professionals and high net worth individuals within the UK. It is not an offer of securities for sale into the United States, as the securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold without registration or exemption.
The information is based on a press release statement and is intended for informational purposes only.
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