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LUXEMBOURG - The Grand Duchy of Luxembourg announced Wednesday it plans to issue a new 10-year euro-denominated senior fixed rate benchmark bond due September 17, 2035, according to a pre-stabilisation notice.
Deutsche Bank AG, Frankfurt will act as the Stabilisation Coordinator for the offering, with Banque et Caisse d’Épargne de l’État (BCEE), BofA Securities, Credit Agricole CIB, Deutsche Bank, and Societe Generale serving as Stabilisation Managers.
The stabilisation period is expected to begin September 10, 2025, and end no later than October 10, 2025. During this period, the Stabilisation Managers may over-allot securities in an amount not exceeding 5% of the aggregate nominal amount to support the market price of the securities.
The exact aggregate nominal amount and issue price have not yet been determined, according to the press release statement.
The bond will carry a fixed interest rate, though the specific rate was not disclosed. The International Securities Identification Number (ISIN) for the securities is also yet to be announced.
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. In the United Kingdom and European Economic Area, the offering is directed only at qualified investors as defined under applicable regulations.
This sovereign debt issuance represents Luxembourg’s latest move in the international bond market as the country manages its government financing needs.
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