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LONDON - UBS Investment Bank announced Monday it may act as stabilizing manager for Danske Mortgage Bank Plc’s upcoming short 3-year and 7-year dual-tranche covered bonds offering.
The stabilization period is expected to begin November 10, 2025, and end no later than December 16, 2025, according to a statement released by UBS. During this time, UBS Europe SE, as the designated stabilizing manager, may over-allot securities or conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
The announcement did not specify the aggregate nominal amount of the offering, with details marked as "to be confirmed." The maximum size of the over-allotment facility could reach up to 5% of the aggregate nominal amount.
UBS noted that while stabilization actions may be taken, there is no assurance that any such actions will occur, and any stabilization activity may be terminated at any time.
The covered bonds offering is directed at qualified investors outside the United Kingdom or those within the UK who have professional experience in investment matters or qualify as high net worth individuals under the Financial Services and Markets Act 2000.
The securities will not be registered under the United States Securities Act of 1933 and are not being offered for sale in the United States.
This information was provided through a press release issued via the London Stock Exchange’s news service.
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