Nucor earnings beat by $0.08, revenue fell short of estimates
LONDON - Morgan Stanley & Co (NYSE:MS). International plc announced today that it will potentially engage in stabilization activities for Türkiye İş Bankası A.Ş's new securities offering. The bank, acting as Coordinating Stabilisation Manager, may stabilize the offer of 144A/ RegS US$ Perpetual Fixed Rate Resettable Additional Tier 1 Notes, with the stabilization period commencing today and expected to end no later than February 14, 2025.
The stabilization efforts, which may include over-allotting securities or executing transactions to support the market price of the securities, aim to maintain pricing levels above those that might otherwise prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time. All stabilization actions will comply with applicable laws and rules.
The announcement clarified that the offer and any stabilization measures are directed at persons outside the United Kingdom (TADAWUL:4280), as well as at professional investors and high net worth individuals within the UK, in accordance with the Financial Services and Markets Act 2000.
Furthermore, in the European Economic Area (EEA) and the UK, the offer is addressed exclusively to qualified investors and to those to whom it may lawfully be communicated, in line with the EEA Prospectus Regulation and the UK Prospectus Regulation respectively.
The securities will be traded on the Global Exchange Market of the Irish Stock Exchange plc. Other Stabilisation Managers involved in the operation alongside Morgan Stanley include Abu Dhabi Commercial Bank PJSC, Emirates NBD Bank PJSC, J.P. Morgan Securities plc, Société Générale (EPA:SOGN), and Standard Chartered (OTC:SCBFF) Bank.
This stabilization notice is informational and does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the issuer in any jurisdiction. The details of the aggregate nominal amount and offer price for the securities will be confirmed at a later date.
The information in this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.