LONDON - The Asian Development Bank (ADB) has announced a pre-stabilization period in anticipation of a forthcoming EUR 7-year bond issuance, according to a statement released today by Deutsche Bank AG (NYSE:DB) London, acting as the Stabilisation Coordinator.
The stabilization measures, which are aimed at supporting the market price of the securities, are expected to commence today and may continue until no later than February 19, 2025. The stabilization activities will be managed by a syndicate of banks including CACIB, Deutsche Bank (ETR:DBKGn), Goldman Sachs (NYSE:GS) International, and Nomura.
While the aggregate nominal amount of the bond issue is yet to be confirmed, initial price thoughts (IPTs) have been set in the area of MS+40bps. The ISIN Code for the bond is XS2974146156.
Stabilization activities may include over-allotment of securities, a standard practice which allows underwriters to issue more shares than originally planned, to support the price after the securities are released into the market. However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time as per applicable laws and rules.
The announcement emphasized that this information is only for those outside the United Kingdom (TADAWUL:4280) or those within it who have professional experience in investment-related matters or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.
Moreover, the statement outlined that the offer of the securities is only addressed to and directed at persons who are qualified investors in accordance with the Prospectus Regulation in the European Economic Area and the UK Prospectus Regulation in the United Kingdom.
The ADB's bond issuance and the potential stabilization measures follow the regulatory framework set by the Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards.
This announcement comes as part of a standard procedure ahead of the issuance of bonds and is not an offer for sale in the United States, as the securities have not been registered under the United States Securities Act of 1933.
The information provided in this article is based on a press release statement.
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