S&P 500 pulls back from record high as chip-led slump in tech weighs
LONDON - The Toronto-Dominion Bank (TSX:TD), serving as the Stabilisation Coordinator, has announced that market stabilization activities may be undertaken for Ontario Teachers’ Finance Trust’s new securities offering. In a pre-stabilisation period announcement made today, the bank disclosed that the stabilization managers could engage in transactions to support the market price of the securities after their issuance.
The securities in question, guaranteed by the Ontario Teachers’ Pension Plan Board, are described as a EUR Benchmark due 2031, with the offer price yet to be confirmed. The stabilization period, which is expected to commence on the date of the announcement, is slated to end by July 4, 2025, 30 days following the proposed issue date of the securities.
Stabilization activities, which could include over-allotment or other transactions, aim to maintain the securities’ market price at a level higher than that which might otherwise prevail. However, the announcement clarifies that such stabilization is not guaranteed to occur and may be halted at any time. All actions will be in compliance with applicable laws and rules.
The stabilization managers listed include The Toronto-Dominion Bank, Barclays (LON:BARC) Bank PLC, Deutsche Bank AG (ETR:DBKGn) (London Branch), and J.P. Morgan Securities plc, with the trading venue being over-the-counter (OTC).
The announcement also serves as a reminder that the offer of these securities is not an invitation for acquisition or disposal in any jurisdiction where it would be unlawful, specifically pointing out that the securities have not been registered under the United States Securities Act of 1933 and will not be available for sale in the U.S. without registration or an exemption.
Moreover, the communication of this 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 specified by the Financial Services and Markets Act 2000.
The information is based on a press release statement and is intended for informational purposes only, without constituting an offer to underwrite or subscribe for securities of the Issuer.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.