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LONDON - Natixis Syndicate has notified the market of its role as the Stabilisation Coordinator for Mercialys (EPA:MERY), a real estate company, indicating potential market interventions to support the price of the company’s securities. The announcement, made today, follows the standard regulatory framework for such activities, aimed at maintaining market stability after the issuance of new securities.
The securities in question are part of a benchmark-sized bond offering by Mercialys with an expected issue date of June 4, 2025. The offer price is projected to be around the mid-swap (MS) plus 220 basis points. The stabilisation period, as stated by Natixis, is set to commence today and is anticipated to last no longer than 30 days post the proposed issue date.
A consortium of banks, including BNP Paribas (OTC:BNPQY), CIC, Crédit Agricole CIB, La Banque Postale, Société Générale (EPA:SOGN), and Natixis, has been appointed as Stabilisation Managers. They may engage in over-allotment of the securities, which is a common practice to manage supply and demand after the issuance. The trading of these stabilisation activities will take place over the counter (OTC), with specific venues to be confirmed.
Stabilisation activities are subject to strict rules and may not necessarily occur; if initiated, they can be halted at any time. These measures, if undertaken, are designed to support the market price of the securities at a level higher than what might naturally prevail.
This pre-stabilisation notification is for informational purposes only and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the issuer. The announcement is directed at persons with professional investment experience and high net worth individuals in the UK, as well as qualified investors in the EEA and the UK, as per respective regulations.
The securities have not been, and will not be, 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. This announcement confirms that there will be no public offer of the securities in the United States.
This report is based on a press release statement from Natixis Syndicate.
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