HSBC Holdings $HSBA (+3,61 %) has informed the market of possible stabilization measures to begin today as part of its securities offering. The bank has announced that its stabilization managers may execute transactions to maintain the market price of the securities at a higher level than might naturally be the case.
The securities in question are fixed rate bonds with a maturity of 5 years and a call lock-up period of 4 years, denominated in Euro. The aggregate principal amount is described as a benchmark amount and the offer price has not yet been confirmed.
HSBC Bank plc has been appointed as stabilization manager together with BBVA, Erste Group, IMI-Intesa, KBC, Swedbank and TD Securities. They are authorized to potentially over-allot securities or take other actions to maintain market prices from today and potentially until 06.06.2025. An over-allotment facility of up to 5% of the nominal amount has been disclosed, with all stabilization measures to be taken over-the-counter (OTC).
However, the Bank has made it clear that there is no guarantee that stabilization activities will be undertaken and, if commenced, they may be discontinued at any time. All activities will be conducted in accordance with applicable laws and regulations.
This announcement is for information purposes only and does not constitute an offer to subscribe for or purchase securities. The offer of securities is directed at qualified investors in the European Economic Area and certain investors in the United Kingdom who have professional experience in matters relating to investments or who are high net worth individuals as defined in the Financial Services and Markets Act 2000.
The securities have not been 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 applicable exemption from the registration requirements. There will be no public offering of the securities in the United States.