LUXEMBOURG - Morgan Stanley Europe SE, alongside other financial institutions, has initiated a stabilization period for Naturgy Finance Iberia, S.A.’s newly issued fixed price notes, as announced today. This action aligns with the European Union and UK regulations governing market conduct.
The securities in question comprise two sets of fixed price notes issued by Naturgy Finance Iberia, S.A., guaranteed by Naturgy Energy Group, S.A. The first set, due in 2031, and the second set, due in 2035, have an aggregate nominal amount yet to be confirmed. The offer prices for these notes will also be announced at a later date.
The stabilization period, which began on the day of the announcement, is expected to continue until no later than June 18, 2025. During this time, the appointed stabilization managers may engage in transactions to support the market price of the securities at a level higher than what might otherwise prevail. However, there is no certainty that stabilization will occur, and if initiated, it can be discontinued at any time.
Morgan Stanley Europe SE is the coordinating stabilization manager, working in collaboration with Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria, S.A., BofA Securities Europe SA, BNP Paribas (OTC:BNPQY), CaixaBank, S.A., Citigroup (NYSE:C) Global Markets Europe AG, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG (ETR:DBKGn), London Branch, HSBC Continental Europe, Goldman Sachs Bank Europe SE, Intesa Sanpaolo (OTC:ISNPY) SpA, Mizuho Bank Europe N.V., MUFG Securities (Europe) N.V., and Société Générale (EPA:SOGN).
The stabilization actions, if taken, will be carried out on the Luxembourg Stock Exchange’s Regulated Market, adhering strictly to the applicable laws and rules, including the possibility of over-allotting the securities within legal limits.
This announcement serves as an informational notice and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the issuer in any jurisdiction. It is addressed specifically to persons outside the United Kingdom and to professional investors within the UK.
The securities mentioned have not been and will not be registered under the United States Securities Act of 1933 and are not intended for sale in the United States without registration or an exemption from registration. There will be no public offering of these securities in the United States.
This news article is based on a press release statement.
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