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LONDON - Morgan Stanley (NYSE:MS) Europe SE has announced its role as the Coordinating Stabilisation Manager for Banco de Sabadell, S.A.’s new securities offering, which commenced on the date of the announcement, May 13, 2025. The stabilization period is expected to run until no later than June 19, 2025, with potential over-allotment to support the market price.
The securities in question are perpetual non-cumulative contingent convertible additional tier 1 preferred securities, offered at 100 percent of their nominal value. The exact aggregate nominal amount of the offering will be confirmed at a later date.
Morgan Stanley, along with Banco de Sabadell, S.A., Barclays (LON:BARC) Bank Ireland PLC, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG (ETR:DBKGn), Goldman Sachs Bank Europe SE, and Société Générale (EPA:SOGN), may undertake stabilization actions. These could include over-allotting the securities or conducting transactions to maintain the securities’ market price above levels that might otherwise prevail in the market.
Stabilization activities, if initiated, are not guaranteed to occur and may be discontinued at any time. All stabilization measures will be in compliance with applicable laws and rules, including the Commission Delegated Regulation (EU) 2016/1052 and/or the UK FCA Stabilisation Binding Technical Standards.
The offer and stabilization will take place on the Euronext (EPA:ENX) Dublin, Global Exchange Market. The announcement emphasizes that this information is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
The offer is directed at persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000. Additionally, in the European Economic Area and the UK, the offer and this announcement are targeted only at qualified investors and must not be relied upon by other persons.
It is also stated that the securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of these securities in the United States.
This news is based on a press release statement and is intended to provide investors with factual information regarding the stabilization process and securities offering by Banco de Sabadell, S.A.
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