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LONDON - UBS Investment Bank announced Tuesday it may act as stabilizing manager for Swedbank AB (OTC:SWDBY)’s upcoming offering of 10-year non-call 5-year (10NC5) subordinated notes, according to a pre-stabilization notice.
The stabilization period is expected to begin on August 12, 2025, and end no later than September 17, 2025. UBS Europe SE will serve as the stabilizing manager for the transaction.
As part of the stabilization process, UBS may over-allot securities up to 5% of the aggregate nominal amount or conduct transactions to support the market price of the securities at a level higher than might otherwise prevail.
The announcement did not specify the aggregate nominal amount or offer price for the Tier 2 subordinated notes, indicating these details are still to be confirmed.
Stabilization activities are permitted under Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive, though UBS noted there is no assurance that any stabilization action will be taken, and any such action may end at any time.
The notice emphasized that the securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
This information was provided in a press release statement issued via the London Stock Exchange (LON:LSEG)’s news service.
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