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FRANKFURT - DZ BANK AG, the Frankfurt-based financial institution, has announced its role as Stabilisation Coordinator for the International Development Association's (IDA) recent securities offering. The bank disclosed that the stabilization period for the EUR 1.25 billion bond issue began on January 15, 2025, and is expected to continue for no more than 30 days post-issue.
The security in question, described as a 3.25% bond due January 24, 2040, was offered at 99.556%. Stabilization efforts for this bond, listed on the Luxembourg Stock Exchange, are being managed by DZ BANK along with HSBC, JP Morgan, and Nomura as the Stabilising Managers.
Stabilization activities are a common practice in securities offerings, aimed at supporting the market price of the securities after their initial offering. The Stabilising Managers may over-allot or conduct transactions to maintain pricing levels, although there is no guarantee that these actions will be undertaken. If initiated, such actions can be halted at any time and must be carried out in compliance with all relevant laws and rules.
This bond issuance and the subsequent stabilization actions are a part of the broader financial market activities that help maintain liquidity and pricing stability. It is important to note that the announcement does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer.
The information provided is based on a press release statement and is intended solely for informational purposes. It does not constitute an offer in any jurisdiction where such an offer would be unlawful, nor is it directed at any person in any jurisdiction where such communication would be contrary to local laws or regulations.
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