CCR Re: Pre Stabilisation Notice
PARIS, July 08, 2020 (GLOBE NEWSWIRE) -- 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: | CCR Re |
| Guarantor (if any): | na |
| Aggregate nominal amount: | EUR 300,000,000 |
| Description: | Fixed due 15 July 2040, subject to Conditions to Redemptions and Purchase |
| Offer price: | TBC |
| Other offer terms: | |
| Stabilisation: | |
| Stabilising Manager(s): | Crédit Agricole CIB, HSBC, Natixis |
| Stabilisation period expected to start on: | 8th July 2020 |
| Stabilisation period expected to end no later than: | 14th August 2020 |
| 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.
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