Street Calls of the Week
PARIS - Societe Generale (OTC:SCGLY) announced Thursday that no stabilization measures were undertaken for AP2R’s €500 million bond offering, according to a post-stabilization notice.
The fixed-rate bonds carry a 2.875% coupon with annual payments and will mature on January 14, 2031. The securities were initially offered at 99.233% of face value.
The stabilization period, which began on May 19, 2025, was expected to continue until June 27, 2025, but the bank confirmed that no market stabilization activities were performed by the designated stabilization manager, SG CIB.
Stabilization measures typically involve transactions that support the market price of newly issued securities during the initial offering period.
The bonds were not registered under the U.S. Securities Act and were not offered for sale in the United States.
The announcement was made through a regulatory filing with the London Stock Exchange (LON:LSEG)’s news service, as required for post-stabilization disclosures under European market abuse regulations.
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