LONDON - Bank of Montreal Europe plc has initiated a pre-stabilization notice for the securities of Landeskreditbank Baden-Württemberg - Förderbank (L-Bank), signaling potential market interventions to support the price of the securities post-issuance. The stabilization period commenced today and is expected to last no longer than 30 days following the proposed issue date of the securities.
The securities in question are USD 300 million in SOFR Floating Rate Notes due January 14, 2028, offered at 101.811%. The Bank of Montreal Europe plc is acting as the Stabilising Manager and may over-allot or effect transactions to maintain the market price of the securities. However, there is no guarantee that stabilization activities will occur, and if they do, they can be discontinued at any time.
Stabilization maneuvers, if undertaken, are to be carried out in compliance with all relevant regulatory standards, including the Commission Delegated Regulation EU 2016/1052, which supplements Regulation (EU) No 596/2014 with technical standards for such measures.
This announcement is directed at entities outside the United Kingdom (TADAWUL:4280) or those within it who have professional investment experience or are high net worth individuals, as defined by the Financial Services and Markets Act 2000. The information is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or acquire securities.
The offer and this announcement are also aimed at qualified investors in the European Economic Area in line with the Prospectus Regulation (EU) 2017/1129. 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 applicable exemption from registration requirements.
This stabilization notice is based on a press release statement and is being disseminated in accordance with the Financial Conduct Authority's guidelines as a Primary Information Provider in the United Kingdom. Terms and conditions related to the distribution of this information may apply.
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