FRANKFURT - DNB Bank ASA is expected to enter a stabilization period starting today, in a move to support the market price of its new green bond, according to a notice by Deutsche Bank AG (NYSE:DB), the stabilization coordinator. The bond, described as DNB Bank ASA EUR 6NC5 Green SP, has an unspecified aggregate nominal amount and is part of an effort to bolster environmentally-focused investments.
The stabilization period, which is set to begin on January 8, 2025, will be managed by a team that includes Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), Credit Agricole (OTC:CRARY) CIB, Deutsche Bank (ETR:DBKGn) AG, DNB Markets, and ING. The stabilization measures, which may include over-allotment of securities, are aimed at maintaining the market price of the securities at a level higher than what might otherwise prevail. However, there is no guarantee that stabilization will occur, and if initiated, it can be halted at any time.
The securities' initial price talks are in the area of mid-swaps plus approximately 95 basis points. The detailed terms of the offer, including the issue/offer price and the ISIN code, have yet to be confirmed.
This announcement serves as a pre-stabilization notice and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The offer is directed at qualified investors and high net worth individuals in the UK and at persons outside the UK, in compliance with applicable regulations.
The securities mentioned have not been and will not be registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of these securities in the United States.
This information is based on a press release statement and is intended for informational purposes only.
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