PARIS - Societe Generale (OTC:SCGLY), acting as the Stabilisation Coordinator, has announced the potential stabilisation measures for LVMH Moët Hennessy Louis Vuitton S.E’s newly priced bond offering. The luxury goods conglomerate has set the offer price for two tranches of bonds totaling EUR 1.9 billion, with maturities in 2029 and 2032.
The first tranche, amounting to EUR 1.1 billion, carries a 2.625% fixed annual coupon and is set to mature on March 7, 2029. The second tranche, valued at EUR 800 million, has a 3.000% fixed annual coupon, with a maturity date of March 7, 2032. The offer prices for these bonds have been determined at 99.868 and 99.423, respectively.
Stabilisation activities, if initiated, are expected to commence today and may continue until June 6, 2025, as per the announcement made today. These measures may include over-allotment of securities and transactions to support the market price of the bonds at levels higher than what might otherwise prevail in the market. However, it’s important to note that such stabilisation may not necessarily occur, and if begun, can be halted at any time.
The announcement clarifies that the bonds are directed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), with the exclusion of other jurisdictions such as the United States, where the securities have not been registered and will not be offered without registration or an applicable exemption.
This notice is issued for informational purposes only and does not constitute an offer to buy or sell securities. The information is based on a press release statement and is intended to inform stakeholders and potential investors of the conditions and expectations surrounding LVMH’s bond offering and potential stabilisation efforts by Societe Generale.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.