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LONDON - Societe Generale (OTC:SCGLY) SA has announced a stabilization notice regarding SPIE SA’s recent securities offering. The announcement, dated May 21, 2025, indicates that Societe Generale, acting as the Stabilization Coordinator, may engage in transactions to support the market price of SPIE SA’s €600 million bond issuance.
The bonds, described as having a fixed annual coupon of 3.75% and a maturity date of May 28, 2030, were offered at 100.000%. Stabilization activities, if initiated, are expected to commence today and could continue until June 27, 2025, at the latest.
SG CIB, the Stabilization Manager, may over-allot the securities or conduct transactions to stabilize the price at a level higher than what might otherwise prevail in the market. Such measures are common practice following a significant securities offering to manage market volatility and provide liquidity. However, stabilization is not guaranteed, and if started, it may discontinue at any time without notice.
Stabilization actions and over-allotment will be carried out in compliance with all applicable laws and rules. The notice emphasizes that this information is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
The securities offer and the related announcement are directed at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters or are high net worth individuals. It is not intended for other persons in the UK.
Furthermore, the announcement clarifies that the securities have not been and will not be registered under the United States Securities Act of 1933. Consequently, the bonds may not be offered or sold in the United States absent registration or an exemption from registration, and there will be no public offer of these securities in the United States.
This notification is based on a press release statement and is intended to inform potential investors and the market about the possible stabilization measures that may be undertaken following SPIE SA’s bond issuance.
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