MassMutual sets stage for EUR 7yr note stabilization

LONDON - Deutsche Bank AG (ETR:DBKGn) London, acting as the Stabilisation Coordinator, announced that MassMutual Global Funding II is preparing for a potential stabilization of its upcoming seven-year fixed-rate note issuance, identified by the ISIN code XS3088620037. The stabilization process, which is expected to commence today, June 4, 2025, is aimed at supporting the market price of the securities post-issuance.

The stabilization period, during which transactions to support the price may be carried out by the Stabilising Manager(s) BARC, DB, HSBC, and JPM, is anticipated to continue until no later than July 23, 2025. As per the regulatory framework, the stabilization actions will adhere to the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards.

The exact aggregate nominal amount of the notes has yet to be confirmed, but initial price thoughts (IPTs) suggest a yield margin of approximately 120 basis points over the mid-swap rate. The Stabilisation Manager(s) have the authority to over-allot the securities within the confines of applicable law, which could lead to market price support at levels higher than what might naturally prevail. However, there is no guarantee that stabilization will occur, and if initiated, it can be halted at any time.

This pre-stabilisation announcement serves as a notice and is not an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The offer is directed at professional investors and high net worth individuals in the UK, as well as qualified investors in the EEA and the UK, in line with the Prospectus Regulation and the UK Prospectus Regulation, respectively.

The securities in question have not been, and will not be, 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. The announcement confirms that there will be no public offering of the securities in the United States.

This information is based on a press release statement and is intended for informational purposes only, targeting appropriate investors who are legally permitted to engage with such offers. The London Stock Exchange (LON:LSEG)’s news service, RNS, approved by the Financial Conduct Authority, has provided the details of the announcement.

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