LONDON - Mizuho (NYSE:MFG) International plc announced today that it did not undertake any stabilization actions following the recent bond offering by Avery Dennison Corporation (NYSE:AVY). The securities, described as Senior Unsecured and SEC Registered, with an aggregate nominal amount of EUR500 million, were offered at 99.672%.
The post-stabilization period announcement comes after a pre-stabilization notice issued on October 30, 2024. Stabilization measures are typically executed by stabilization managers to prevent price drops in the aftermarket and are regulated under the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority.
Mizuho International plc served as the Stabilization Coordinator, with Merrill Lynch International and SMBC Bank International plc also named as stabilization managers for the offering.
The announcement clarified that this information serves purely informational purposes and is not an invitation to underwrite, subscribe for, or acquire securities. Furthermore, it was stated that the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. There will not be a public offer of these securities in the United States.
The release of this information is based on a press release statement and is intended to inform market participants and the public of the completion of the offering and the absence of stabilization activities. It is important to note that the absence of stabilization does not necessarily indicate the performance or reception of the offering, but rather that the market conditions and regulatory frameworks were such that the stabilization managers did not find it necessary to take action.
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