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LONDON - Morgan Stanley & Co (NYSE:MS). International plc has announced its role as the Coordinating Stabilisation Manager for Intesa Sanpaolo (OTC:ISNPY) S.p.A.’s forthcoming securities offering. The notice, issued today, outlines the potential stabilization measures that may be taken to support the market price of the securities after their initial offering.
The securities in question are described as Euro Additional Tier 1 Notes, with the aggregate nominal amount and offer price yet to be confirmed. The stabilization period, which begins today, is expected to last no longer than June 25, 2025. During this time, Morgan Stanley, alongside other stabilization managers including BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Citigroup (NYSE:C) Global Markets Europe AG, Goldman Sachs International, Intesa Sanpaolo S.p.A., and UBS Europe SE, may engage in transactions to maintain the securities’ market price above levels that might otherwise prevail.
The stabilization actions, which could include over-allotment of securities, will be carried out on the Luxembourg Stock Exchange’s Regulated Market and will adhere to all applicable laws and rules. It is important to note that such stabilization may not necessarily occur and may be discontinued at any time if it does begin.
This announcement serves as a clarification for market participants and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The information is directed at persons outside the United Kingdom (TADAWUL:4280), as well as at professional investors and high net worth individuals within the UK, in compliance with the Financial Services and Markets Act 2000.
Additionally, in certain EEA Member States and the UK, the offer is addressed only to qualified investors or those to whom it may lawfully be addressed, in accordance with the EEA Prospectus Regulation and the UK Prospectus Regulation respectively.
The securities mentioned have not been, and will not be, registered under the United States Securities Act of 1933, and as such, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offer of these securities in the United States.
The information is based on a press release statement and is provided for informational purposes only.
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