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LONDON - Morgan Stanley & Co (NYSE:MS). International plc announced Wednesday it may act as Coordinating Stabilisation Manager for Investec (LON:INVP) Bank plc’s upcoming issuance of EUR Floating Rate Senior Notes, according to a regulatory filing.
The stabilization period is expected to begin immediately and end no later than July 18, 2025. During this time, Morgan Stanley and SMBC Bank International plc, acting as Stabilisation Managers, may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
The aggregate nominal amount and offer price of the notes have yet to be confirmed. Any stabilization activity will take place on the London Stock Exchange (LON:LSEG)’s regulated market and will be conducted in accordance with applicable laws and regulations.
The announcement specified that stabilization may not necessarily occur and any action, if begun, may cease at any time.
The securities will not be registered under the United States Securities Act of 1933 and are not being offered in the United States. The offering is directed only at qualified investors in the UK and European Economic Area as defined by relevant regulations.
This information was provided in a press release statement issued through the Regulatory News Service (RNS) of the London Stock Exchange.
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