LONDON - Societe Generale (OTC:SCGLY) has disclosed its role as the Stabilisation Coordinator for AP2R’s new bond issuance, with a potential stabilisation period commencing today. The bank may undertake actions to support the market price of the securities, which have an aggregate nominal amount of EUR 500 million, featuring a 2.875% fixed annual coupon and a maturity date of January 14, 2031.
The stabilisation efforts, which are expected to last until no later than June 27, 2025, could include over-allotment of securities or market transactions aimed at maintaining the bonds’ price above market levels that would prevail in the absence of such measures. However, stabilisation activities are not guaranteed to take place and may be discontinued at any time.
The offer price for the bonds has been set at 99.233%, with SG CIB acting as the Stabilisation Manager. The announcement clarifies that any stabilisation actions or over-allotment will be carried out in compliance with all applicable laws and rules.
This financial maneuver is intended to provide market stability following the bond issuance and is a common practice in the securities market. It is important to note that this announcement does not constitute an offer to underwrite or acquire the securities and is directed only at qualified investors or those with professional investment experience, particularly outside the United Kingdom or within it under specific financial promotions regulations.
The securities in question have not been registered under the United States Securities Act of 1933 and, thus, cannot be offered or sold in the United States without registration or an exemption from registration. Consequently, there will be no public offering of these securities in the United States.
The information in this report is based on a press release statement and is intended to inform interested market parties of the stabilisation measures that may be implemented for the AP2R bonds.
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