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PARIS - Societe Generale announced Wednesday it has entered a pre-stabilisation period for a new euro-denominated benchmark bond offering, according to a press release statement.
The French bank said the stabilisation period is expected to begin on September 10, 2025, and end no later than October 17, 2025. SG CIB will act as the stabilisation manager for the transaction.
During the stabilisation period, managers may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail, though the bank noted that stabilisation actions are not guaranteed to occur.
The announcement did not specify the exact size of the offering, describing it only as a "EUR Benchmark" issue. No details regarding the coupon rate or maturity date were provided.
The securities will not be registered under the United States Securities Act of 1933 and are not being offered in the United States. The offering is primarily directed at qualified investors outside the United Kingdom or those within the UK who have professional experience in investment matters.
Societe Generale indicated that any stabilisation action would be conducted in accordance with applicable laws and rules, including Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation and UK FCA Stabilisation Binding Technical Standards.
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