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LONDON - ING Bank N.V. announced Thursday it may act as Stabilizing Manager for Bpost SA/NV’s upcoming EUR 7-year securities offering, according to a press release statement.
The stabilization period is expected to begin June 12, 2025, and continue for up to 30 days after the proposed issue date. During this time, ING may engage in transactions to support the market price of the securities at levels higher than might otherwise prevail.
As part of the stabilization activities, ING may over-allot securities to the extent permitted by applicable law. However, the bank noted there is no assurance that any stabilization action will be taken, and any such actions, if begun, may end at any time.
The announcement specified that all stabilization actions or over-allotments will be conducted in accordance with applicable laws and rules.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. The offering is primarily directed at qualified investors in European Economic Area Member States and individuals with professional investment experience or high net worth status in the United Kingdom (TADAWUL:4280).
The press release did not disclose the total value of the securities offering or specific pricing details.
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