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VILNIUS - The Republic of Lithuania is preparing to issue 10-year and 20-year euro benchmark bonds, according to a pre-stabilization announcement released Wednesday by Erste Group Bank AG, which will act as the Stabilization Coordinator for the offering.
The nominal amount and offer price of the bonds have not yet been confirmed, according to the announcement. The stabilization period is expected to begin immediately and continue until October 10, 2025, which is 30 days after the proposed issue date.
As part of the stabilization process, Erste Group Bank AG may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail during the stabilization period. However, the announcement notes that stabilization may not necessarily occur and any stabilization action may cease at any time.
The bonds will be traded over the counter, according to the statement. Any stabilization action will be conducted in accordance with applicable laws and rules, including Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation.
The announcement specifies that 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.
This information was provided in a press release issued by Erste Group Bank AG through the news service of the London Stock Exchange.
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