Canopy Growth stock tumbles after announcing $200 million share sale plan
AMSTERDAM - Morgan Stanley (NYSE:MS) Europe SE announced today that it will act as the Coordinating Stabilisation Manager for NIBC Bank N.V.’s new issuance of Senior Non-Preferred Green Bonds. The stabilization period, which is expected to support the market price of the securities, began on the date of the announcement and is anticipated to last until no later than July 5, 2025.
The announcement specifies that the stabilization managers, which include Morgan Stanley Europe SE, BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Deutsche Bank (ETR:DBKGn) Aktiengesellschaft, and Banco Santander (BME:SAN), S.A., may over-allot the securities or effect transactions to stabilize the price. These actions will be in accordance with Commission Delegated Regulation (EU) 2016/1052, supplementing Regulation (EU) No 596/2014, as well as the UK FCA Stabilisation Binding Technical Standards.
The exact aggregate nominal amount and offer price of the green bonds are yet to be confirmed. Any stabilization activities will be carried out under applicable laws and rules, and will take place on Euronext (EPA:ENX) Amsterdam.
It’s important to note that this stabilization notice does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280), as well as at qualified investors within the EEA and the UK, in accordance with the respective prospectus regulations.
The securities mentioned have not been, and will not be, registered under the United States Securities Act of 1933, and as such, they may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of these securities in the United States.
This information, based on a press release statement, is intended for informational purposes only and is subject to terms and conditions related to the distribution and use of such information.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.