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PARIS - French utility company ENGIE SA (PARIS:ENGI) is issuing a dual-tranche bond offering totaling €1.2 billion, according to a stabilization notice released Thursday by Societe Generale, which will act as the Stabilization Coordinator.
The bond offering consists of a €500 million tranche with a 3.25% coupon maturing on January 11, 2032, priced at 99.736, and a €700 million tranche with a 3.875% coupon maturing on September 11, 2037, priced at 98.911.
The stabilization period is expected to begin September 4, 2025, and end no later than October 10, 2025. During this period, Societe Generale may conduct transactions to support the market price of the securities at a level higher than might otherwise prevail.
As part of the stabilization process, the Stabilization Manager may over-allot securities to the extent permitted by applicable law, though the notice indicates that stabilization may not necessarily occur and any stabilization action may cease at any time.
The bond offering is directed at qualified investors outside the United States, as the securities have not been and will not be registered under the United States Securities Act of 1933.
This information is based on a stabilization notice released by Societe Generale as the designated Stabilization Coordinator for the ENGIE bond offering.
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