Bullish indicating open at $55-$60, IPO prices at $37
LONDON - UBS Investment Bank announced Tuesday it may act as stabilizing manager for Svenska Handelsbanken (ST:SHBa) AB’s upcoming green senior non-preferred notes due August 2032, according to a press release statement.
The stabilization period is expected to begin August 12, 2025, and end no later than September 17, 2025. During this time, UBS may over-allot securities or conduct transactions to support the market price of the bonds at levels higher than might otherwise prevail.
The maximum size of the over-allotment facility will be up to 5% of the aggregate nominal amount of the offering, which has not yet been specified. The offer price and other terms also remain to be confirmed.
UBS Europe SE will serve as the stabilizing manager for the transaction. The bank noted that while stabilization actions may occur, there is no assurance that any such measures will be taken, and any stabilization action could end at any time.
The green senior non-preferred notes will mature in August 2032, seven years after issuance. Senior non-preferred debt sits between senior preferred debt and subordinated debt in the capital structure of banks, providing a buffer for senior preferred creditors in case of resolution.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
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