LONDON - Morgan Stanley (NYSE:MS) Europe SE, acting as the Coordinating Stabilisation Manager, announced today that no stabilisation was undertaken in relation to Banco de Sabadell, S.A.'s recent securities offer. The pre-stabilisation period announcement, which was initially made on November 18, 2024, has now concluded with no further action required.
The securities in question are senior non-preferred notes due in 2031, with an aggregate nominal amount of EUR 500 million and an offer price of 99.926% of the aggregate nominal amount. The ISIN for these notes is XS2947089012.
The team of stabilisation managers, in addition to Morgan Stanley Europe SE, included Banco de Sabadell, S.A., Crédit Agricole Corporate and Investment Bank, Goldman Sachs (NYSE:GS) Bank Europe SE, Jefferies LLC, and UniCredit (LON:0RLS) Bank GmbH.
Stabilisation activities are measures taken by underwriters to support the secondary market price of a security after its initial offering. The absence of such measures in this case suggests that the market for these notes is stable.
It is important to note that these 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. Additionally, there has not been and will not be a public offer of the securities in the United States.
The information provided in this announcement is based on a press release statement and is intended for informational purposes only. It does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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