HSBC Continental Europe: Pre Stabilisation Notice
July 10 2024 - 5:49AM
UK Regulatory
HSBC Continental Europe: Pre Stabilisation Notice
PARIS, July 10, 2024 (GLOBE NEWSWIRE) --
Piraeus Bank S.A.
Pre Stabilisation Notice
HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby
gives notice, as Stabilisation Coordinator, that the Stabilisation
Manager(s) named below may stabilise the offer of the following
securities
The securities: |
Issuer: |
Piraeus Bank S.A. |
Guarantor (if any): |
na |
Aggregate nominal amount: |
EUR Benchmark |
Description: |
Fixed rate due 17th July 2029 NC4 |
Offer price: |
TBC
|
Other offer terms: |
|
Stabilisation: |
Stabilising Manager(s): |
HSBC Continental Europe, BNP Paribas, BofA Securities, Commerzbank
& IMI - Intesa Sanpaolo |
Stabilisation period expected to start on: |
10th July 2024 |
Stabilisation period expected to end no later than: |
16th August 2024 |
Existence, maximum size & conditions of use of over-allotment
facility[1]: |
5% of the aggregate nominal amount |
Stabilisation Venue(s) |
Over the counter (OTC) |
In connection with the offer of the above
securities, the Stabilisation Manager(s) may over-allot the
securities or effect transactions with a view to supporting the
market price of the securities at a level higher than that which
might otherwise prevail. However, there is no assurance that the
Stabilisation Manager(s) will take any stabilisation action and any
stabilisation action, if begun, may be ended at any time. Any
stabilisation action or over-allotment shall be conducted in
accordance with all applicable laws and rules.
This announcement is for information purposes
only and 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.
In addition, if and to the extent that this
announcement is communicated in, or the offer of the securities to
which it relates is made in, any EEA Member State before the
publication of a prospectus in relation to the securities which has
been approved by the competent authority in that Member State in
accordance with the Regulation (EU) 2017/1129 (the "Prospectus
Regulation") (or which has been approved by a competent authority
in another Member State and notified to the competent authority in
that Member State in accordance with the Prospectus Regulation),
this announcement and the offer are only addressed to and directed
at persons in that Member State who are qualified investors within
the meaning of the Prospectus Regulation (or who are other persons
to whom the offer may lawfully be addressed) and must not be acted
on or relied on by other persons in that Member State.
This announcement and the offer of the
securities to which it relates are only addressed to and directed
at persons outside the United Kingdom and persons in the United
Kingdom who have professional experience in matters related to
investments or who are high net worth persons within article 12(5)
of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 and must not be acted on or relied on by
other persons in the United Kingdom.
This announcement is not an offer of securities
for sale into the United States. The securities have not been, and
will not be, registered under the United States Securities Act of
1933 and may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no
public offer of securities in the United States.
____________________________________________
[1] Please note that the
existence and the maximum size of any greenshoe option, the
exercise period of the greenshoe option and any conditions for
exercise of the greenshoe option must also be disclosed, if such
option exists. In addition, the exercise of the greenshoe option
must be disclosed to the public promptly, together with all
appropriate details, including in particular the date of exercise
and the number and nature of securities involved
This information is provided by RNS, the news
service of the London Stock Exchange. RNS is approved by the
Financial Conduct Authority to act as a Primary Information
Provider in the United Kingdom. Terms and conditions relating to
the use and distribution of this information may apply. For further
information, please contact rns@lseg.com or
visit www.rns.com.