RCI Banque announces pre-stabilization period

Published 27/05/2025, 16:08
RCI Banque announces pre-stabilization period

PARIS - RCI Banque has initiated a pre-stabilization period starting today, as announced by Societe Generale (OTC:SCGLY), the stabilization coordinator for the company’s latest securities offering. The bank aims to stabilize the market price of its securities, which may include over-allotment actions, to maintain prices during the stabilization period that could otherwise fluctuate.

The securities in question include a 500 million euro aggregate nominal amount with a 3.375% fixed annual coupon, set to mature on June 6, 2030. The offer price is reported at 99.427%. Societe Generale’s SG CIB will act as the Stabilization Manager, with the stabilization period expected to last until no later than July 4, 2025.

During this time, the Stabilization Manager may over-allot securities or engage in transactions to support the securities’ market price at a level higher than what might naturally prevail. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time.

This announcement serves as a notice and is not intended as an invitation or offer to underwrite, subscribe for, or acquire securities of RCI Banque. The offer and the securities are directed at persons outside the United Kingdom (TADAWUL:4280) and specific persons within the UK who have professional experience in investment matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.

The announcement further clarifies that the securities have not been and will not be registered under the United States Securities Act of 1933. As such, they may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of the securities in the United States.

Investors are advised that this information is based on a press release statement and should be considered in the context of market regulations and applicable laws.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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