LONDON - RCI Banque S.A. has announced the commencement of a pre-stabilisation period starting today, as part of its upcoming bond issuance denominated in euros, with an expected maturity date of January 17, 2028. Natixis, serving as the Stabilisation Coordinator, has informed that the stabilization actions may be carried out by the appointed Stabilisation Manager(s) Crédit Agricole CIB (B&D), CIC, SMBC, and Natixis itself.
The stabilization period, which is anticipated to begin today, is set to last no more than 30 days following the proposed issue date of the securities. During this timeframe, the Stabilisation Manager(s) are authorized to over-allot or undertake transactions aimed at maintaining the market price of the securities at a level higher than what might naturally prevail in the market. However, there is no guarantee that stabilization will occur, and it may end at any time.
The initial price talk for the offer is in the area of MS+155/160 basis points. It should be noted that any stabilization measures or over-allotment will be executed in compliance with all applicable laws and regulations.
The securities in question will be traded over the counter (OTC), with specific venues yet to be confirmed. This pre-stabilisation announcement serves as a notification and does not constitute an offer to underwrite or purchase the securities. The offer is directed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), as well as qualified investors in the EEA and the UK, in line with respective regulatory frameworks.
The securities have not been and will not be registered under the United States Securities Act of 1933, thus they may not be offered or sold in the United States without registration or an exemption from registration. Consequently, there will be no public offering of these securities in the United States.
This article is based on a press release statement and intended to inform investors and the market about the details of the pre-stabilisation period and the conditions under which it will be conducted.
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