LONDON - Morgan Stanley & Co (NYSE:MS). International plc has announced its role as the Coordinating Stabilisation Manager for Banco BPM S.p.A.’s upcoming securities offer. The stabilization period, which is expected to support the market price of the securities, commenced today and is set to end no later than June 26, 2025.
The securities in question are described as EUR Additional Tier 1 Notes, with the aggregate nominal amount and offer price yet to be confirmed. Stabilization activities, which may include over-allotment or transactions to maintain the securities’ market price, will be carried out in accordance with applicable laws and rules, and may occur on the Luxembourg Stock Exchange’s Euro MTF.
Morgan Stanley, alongside other Stabilisation Managers including Banca Akros S.p.A. - Gruppo Banco BPM, Barclays Bank Ireland PLC, BNP Paribas (OTC:BNPQY), BofA Securities Europe SA, Citigroup (NYSE:C) Global Markets Europe AG, and Crédit Agricole Corporate and Investment Bank, may undertake these activities to prevent price declines that could otherwise occur.
This stabilization notice does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The announcement comes with the caveat that the offer and the securities are only for those outside the United Kingdom or certain qualified investors within the UK, in line with the Financial Services and Markets Act 2000.
The offer of these securities will not be extended to the United States, as the securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the US absent registration or an applicable exemption from the registration requirements.
This notice is based on a press release statement and is intended for informational purposes only. It does not imply an invitation or offer to partake in any investment activities.
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