Kepler SPA announces stabilization period for €4.5 billion bond offering

Published 25/06/2025, 10:06
Kepler SPA announces stabilization period for €4.5 billion bond offering

MILAN - Kepler SPA, also known as Biofarma, announced that a stabilization period for its €4.5 billion bond offering is expected to begin on June 25, 2025, according to a press release statement.

The stabilization period, which will be coordinated by BNP Paribas (OTC:BNPQY), is scheduled to run until August 9, 2025. Multiple financial institutions will serve as stabilization managers, including BNP Paribas, ING, Jeffries, SMBC, IMI-Intesa Sanpaolo, KCM, Natixis, and Nomura.

During this period, the stabilization managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail. The company noted that stabilization may not necessarily occur and any stabilization action could cease at any time.

The bond is described as a EUR 4.5NC1 offering, though the offer price has not yet been determined. The trading venue for stabilization activities will be over-the-counter (OTC).

The announcement specifies that any stabilization action or over-allotment will be conducted in accordance with applicable laws and rules. The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States.

The press release also clarified that in the United Kingdom (TADAWUL:4280) and European Economic Area, the offering is directed only at qualified investors as defined by relevant regulations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.