13 May 2014 08:25
Pre-stabilisation announcement
13th May 2014
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
Bankia S.A
Stabilisation Notice
Barclays Debt Syndicate desk; telephone: +44 20 77739098 hereby gives notice that the Stabilising Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).
The securities: | |
Issuer: | Bankia S.A |
Guarantor (if any): | N/A |
Aggregate nominal amount: | TBA |
Description: | EUR Subordinated Tier 2 |
Offer price[1]: | TBA |
Other offer terms[2]: | TBA |
Stabilisation: | |
Stabilisation Manager(s): | Barclays, 5 The North Colonnade, Canary Wharf, London E14 4BB Bankia: Calle del Pintor Sorolla 8. 46002 Valencia BAML - Merrill Lynch International; 2 King Edward Street; London EC1A 1HQ Goldman Sachs International; Peterborough Court 133 Fleet Street; London EC4A 2BB Credit Agricole CIB, Broadwalk House, 5 Appold Street, London EC2A 2DA |
Stabilisation period expected to start on: | 13th May 2014
|
Stabilisation period expected to end no later than: | 13th June 2014
|
Existence, maximum size and conditions of use of over-allotment facility. | The Stabilising Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law. |
In connection with the offer of the above securities, the Stabilising 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 Stabilising 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.
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.
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 that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") 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 Prospectus Directive (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 Directive), 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 Directive (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 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] ICMA's pre-stabilisation announcement form includes a provision for disclosure of offer price that is not a requirement under the MAD itself. Publishing such notices on opening of order books (when only price guidance is available) will necessarily omit offer price disclosure.
[2] E.g. in a convertible offering, include conversion price.