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FRANKFURT - Urenco Finance N.V. announced Wednesday that stabilisation measures may be implemented for its upcoming 10-year euro-denominated bond offering, according to a press release statement.
Deutsche Bank AG (ETR:DBKGn) will serve as the Stabilisation Coordinator, with Barclays, BNP PARIBAS, Deutsche Bank, and Santander (BME:SAN) acting as Stabilisation Managers. The stabilisation period is expected to begin June 11, 2025, and end no later than July 23, 2025.
The bonds will be guaranteed by Urenco Limited, Urenco UK Limited, Urenco Nederland B.V., Urenco Deutschland GmbH, and Louisiana Energy Services, LLC. The securities will carry the ISIN code XS3092615189.
Initial price guidance for the offering has been set at 155-160 basis points over the mid-swap rate. The aggregate nominal amount has yet to be determined.
The stabilisation measures may include over-allotment of securities to the extent permitted by applicable law, with the aim of supporting the market price of the securities during the stabilisation period.
The offering is directed at qualified investors in the European Economic Area and the United Kingdom as defined by relevant regulations. The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
Any stabilisation action may cease at any time and is not guaranteed to occur, according to the announcement.
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