LONDON - Societe Generale (OTC:SCGLY) SA has announced its role as the Stabilisation Coordinator for Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria S.A. (BBVA (BME:BBVA)), indicating potential market stabilization actions for BBVA securities. The stabilization period, which is expected to begin today, may continue until March 27, 2025, with SG CIB acting as the Stabilisation Manager.
The announcement, which is aimed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), details that the stabilization measures may include over-allotment of securities and transactions to support the market price of the securities at a level higher than what might otherwise prevail. Such actions, however, are not guaranteed to take place and can be halted at any time.
The securities in question have not been specified beyond being described as having an aggregate nominal amount in the EUR Benchmark range. No coupon or maturity details have been provided, nor has an offer price been disclosed.
Stabilization activities are subject to strict regulations, and any undertaken by SG CIB will conform to all applicable laws and rules, including the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards.
This stabilization notice does not constitute an offer to buy or sell the securities and is not directed at the general public in the United States, as the securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States absent registration or an applicable exemption.
The information provided in this article is based on a press release statement and is intended for informational purposes only. It does not invite or suggest any investment action and should not be relied upon for such purposes.
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