Multiple Financial Firms Announce EU-Regulated Securities Stabilization Plans

Several financial institutions have issued notices regarding potential stabilization activities related to securities offerings, conducted in compliance with European Union regulations such as the Market Abuse Regulation and the Market Abuse Directive. BNP Paribas, UBS Investment Bank, Commerzbank AG, and Corporación Andina de Fomento (CAF) have each announced that Stabilisation Managers may engage in over-allotment or transactions to support market prices during the stabilization period, though such actions may not necessarily occur or may cease at any time. These announcements emphasize that the securities offerings are not invitations or offers to the general public and are directed only at qualified investors outside the United States or in jurisdictions where such offers are lawful. CAF specifically noted its intention to register the offering in the United States and highlighted that any public sale there would be conducted through a prospectus supplement. The communications uniformly caution that any distribution in prohibited jurisdictions, including the U.S., is unlawful. These stabilization efforts are part of standard market practices designed to support the trading prices of new securities during their initial offering period.