BNP Paribas Coordinates Stabilization of Engineering SpA Bonds

Source: Investing Published on 01/29/2025, 04:46 AM

LONDON – BNP Paribas (OTC: BNPQY ), acting as stabilization coordinator, has announced potential stabilization activities for securities issued by Engineering Ingegneria Informaticea SPA, an Italian IT company. The stabilization period will begin on January 29, 2025, and could run until March 12, 2025, according to a statement issued on January 29, 2025.

The securities include fixed-rate Eurobonds and floating-rate Eurobonds, both due in 2030. The offer price and other terms remain unannounced. Joint global stabilization coordinators include BNP Paribas and UBS, with a group of banks acting as joint bookrunners.

During the stabilization period, the appointed stabilization manager can allocate excess amounts or carry out transactions to maintain the market price of the securities at a level higher than what would otherwise prevail. However, no guarantee exists that stabilization will occur, and if initiated, the process can stop at any time.

If undertaken, stabilization activities will follow the Commission’s mandated Regulations EU/2016/1052 under the Market Abuse Regulation (EU/596/2014), ensuring compliance with all applicable laws and regulations.

The announcement clarifies that the information provided does not constitute an offer to subscribe for, place an order for, acquire or dispose of any securities. The issuance and stabilization target persons outside the United Kingdom (TADAWUL: 4280) and those within the United Kingdom who have professional experience in investment matters or are high-net-worth individuals, as defined in the Financial Services and Markets Act 2000.

Furthermore, the securities have not registered under the United States Securities Act of 1933 and, accordingly, one cannot offer or sell them in the United States without registration or an exemption from registration. There will be no public offering of these securities in the United States.

This notice bases itself on a press release and serves informational purposes only. It targets qualified investors and those to whom the offer may lawfully direct.