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AMSTERDAM - Wolters Kluwer (AS:WLSNc) NV announced Monday that it has entered a pre-stabilisation period for its new long 5-year euro-denominated bond offering, according to a press release statement.
Deutsche Bank AG (ETR:DBKGn), Frankfurt will serve as the Stabilisation Coordinator for the securities, which carry the ISIN code XS3101433244. The stabilisation period is expected to commence on June 23, 2025, and end no later than August 11, 2025.
The initial price guidance for the bond has been set at 105-110 basis points over the mid-swap rate. The aggregate nominal amount has yet to be determined.
Barclays (LON:BARC), Commerzbank (ETR:CBKG), Deutsche Bank, IMI (LON:IMI) - Intesa Sanpaolo (OTC:ISNPY), and SMBC will act as Stabilisation Managers. These managers may over-allot securities to the extent permitted by applicable law to support the market price of the securities during the stabilisation period.
The stabilisation process allows underwriters to intervene in the market by purchasing securities to prevent or slow price declines below the issue price. However, the press release notes that stabilisation may not necessarily occur and any stabilisation action may cease at any time.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
Wolters Kluwer is a global provider of professional information, software solutions, and services for various sectors including healthcare, tax and accounting, governance, risk and compliance, and legal and regulatory.
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