REG - HSBC Bank plc DNB Bank ASA - Pre Stabilisation Notice

Dnb Bank ASAAnnouncement

24/11/2021 09:55

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RNS Number : 4450T  HSBC Bank plc  24 November 2021

24(th) November 2021

 

DNB Bank ASA.

 

Pre Stabilisation Notice

HSBC (contact: 'synd manager'; telephone: +44 207 992 8066) hereby gives
notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named
below may stabilise the offer of the following securities

 The securities:
 Issuer:                                                                         DNB Bank ASA
 Guarantor (if any):                                                             na
 Aggregate nominal amount:                                                       GBP Benchmark
 Description:                                                                    Fixed due 2(nd) December 2025 NC 3 yr
 Offer price:                                                                    TBC
 Other offer terms:
 Stabilisation:
 Stabilising Manager(s):                                                         HSBC Bank plc
 Stabilisation period expected to start on:                                      24(th) November 2021
 Stabilisation period expected to end no later than:                             30(th) December 2021
 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

 

 

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