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PARIS - French investment firm Wendel has completed a €500 million bond offering without requiring market stabilization measures, according to a notice issued Thursday by Societe Generale, which acted as stabilization manager for the transaction.
The 8-year bonds, maturing on August 11, 2033, carry a fixed annual coupon of 3.750% and were priced at 99.850% of face value. The stabilization period, which began on August 5, 2025, concluded on September 10, 2025, with no intervention needed to support the bond price in secondary trading.
Market stabilization is a common practice during new securities offerings where designated banks may temporarily intervene to prevent excessive price volatility. The absence of stabilization activity suggests the bonds achieved sufficient market demand at the issue price.
The announcement noted that while Societe Generale was authorized to over-allot securities to the extent permitted by applicable law, no such actions were taken during the stabilization period.
The bonds have not been registered under the U.S. Securities Act and were not offered to investors in the United States, according to the statement released by Societe Generale.
This information was disclosed in a regulatory announcement to the London Stock Exchange through its news service RNS.
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