LONDON - HSBC Bank plc, as the Stabilisation Coordinator, has announced potential stabilization activities for KFH Sukuk Company’s securities, which are set to begin today with a stabilization period expected to last until February 13, 2025. The securities in question are fixed-rate and due on January 14, 2030, with the aggregate nominal amount described as USD Benchmark, though the offer price is yet to be confirmed.
The stabilization measures, if undertaken, aim to support the market price of the securities at a higher level than what might otherwise prevail. However, there is no certainty that stabilization will occur, and if initiated, it can be discontinued at any time. The appointed Stabilising Manager(s) for this operation include HSBC Bank plc, Abu Dhabi Islamic Bank PJSC, Bank ABC, Boubyan Bank, Dubai Islamic Bank PJSC, First Abu Dhabi Bank, KFH Capital, Mashreq, Mizuho (NYSE:MFG), Standard Chartered (OTC:SCBFF) Bank, and The Islamic Corporation for the Development of the Private Sector.
An over-allotment facility is in place, with a maximum size of 5% of the aggregate nominal amount of the securities, to be used under certain conditions if necessary. All stabilization transactions, if executed, will be conducted over the counter (OTC) and in compliance with applicable laws and rules.
This announcement serves purely as a notice and does not constitute an offer to underwrite, subscribe for, or acquire any securities. 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 absent registration or a qualifying exemption. Consequently, there will be no public offering of these securities in the United States.
The information regarding this stabilization notice is based on a press release statement and is intended for qualified investors in the European Economic Area and for persons in the United Kingdom (TADAWUL:4280) with professional investment experience or high net worth. It should not be acted upon or relied on by other persons in these jurisdictions.
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