Gold bars to be exempt from tariffs, White House clarifies
LONDON - MAR Finance LLC, with HSBC Bank plc acting as the Stabilisation Coordinator, has announced the potential stabilization of a new securities offering, as per a press release statement issued on May 21, 2025. The securities, which are described as a fixed offering due on May 29, 2030, are set to be managed by an array of stabilizing managers, including HSBC Bank plc and other notable financial institutions.
The stabilization period for these USD Benchmark securities is expected to commence today, with the possibility of market support activities extending until June 27, 2025. During this time, stabilizing managers may engage in transactions to maintain the market price of the securities above levels that might otherwise prevail in the open market. However, the coordinators have clarified that there is no guarantee that stabilization efforts will be initiated, and if started, they can be discontinued at any time.
As outlined in the announcement, the stabilization activities may include over-allotment of securities, capped at 5% of the aggregate nominal amount. These operations, if undertaken, will be conducted over the counter (OTC) and in compliance with all relevant regulations.
The press release emphasizes that this notification is strictly informational and should not be construed as an offer to underwrite or acquire securities in any jurisdiction. Additionally, the announcement specifies that the offer is directed only at qualified investors in the European Economic Area (EEA), as defined by the Prospectus Regulation, and at certain investors in the United Kingdom (TADAWUL:4280) with professional investment experience or those classified as high net worth individuals.
The securities discussed in this announcement have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold within the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
This stabilization notice is based on a press release statement and is intended for informational purposes only, adhering to the policies set by the Financial Conduct Authority (FCA) in the United Kingdom for the distribution of such information.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.