LONDON - Nomura Financial Products Europe GmbH, acting as the Stabilization Coordinator, has announced the conclusion of the stabilization period for the securities issued by National Bank of Greece SA (OTC:NBGIF). The stabilization was part of an effort to support the market price of the securities following their offer on November 13, 2024.
The securities in question are EUR 650 million worth of bonds due on November 19, 2030, with an initial fixed rate of 3.500% per annum, payable annually. The ISIN for these securities is XS2940309649, and they were offered at a price of 100. The stabilization period, which began on November 13, 2024, was expected to end no later than today, December 19, 2024.
During this time, Nomura Financial Products Europe GmbH could over-allot securities or effect transactions to maintain the price at a level higher than what might otherwise prevail in the market. However, it should be noted that stabilization may not necessarily occur and can cease at any time. Any stabilization action or over-allotment was conducted in accordance with applicable laws and rules.
The offer of these securities was directed exclusively at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters or are high net worth individuals, as defined under the Financial Services and Markets Act 2000.
It is important to acknowledge that this announcement does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. Moreover, the securities 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 exemption from registration.
This information is based on a press release statement and is intended for informational purposes only.
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