Šiauli? Bankas AB Plans Senior Preferred Note Offering
Šiauli? Bankas AB Plans Senior Preferred Note Offering
Šiauli? Bankas AB has announced plans for a potential benchmark-size Senior Preferred note offering, which will proceed depending on market conditions.
Details of the Offering
The Management Board of Šiauli? Bankas AB has approved this offering, marking a significant move for the institution in the current financial landscape. The approval process highlights the bank's commitment to strengthening its capital base through this instrument.
Joint Lead Managers
To facilitate this offering, Šiauli? Bankas AB has engaged Citigroup, Erste Group, Goldman Sachs Bank Europe SE, Morgan Stanley, and itself as Joint Lead Managers. This collaboration aims to set up a series of virtual fixed income investor meetings to discuss the details surrounding the offering.
Regulatory Considerations
In light of this initiative, relevant stabilization regulations including those from the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will be applicable. The organization ensures compliance with all regulatory requirements through this process.
Market Conditions
Market conditions will play a crucial role in the timing and execution of the offering. The bank remains vigilant in assessing the financial landscape to capitalize on favorable conditions for issuance.
Investor Communication
This announcement serves as a preliminary communication regarding the offering. Šiauli? Bankas AB is committed to transparency throughout this process, and relevant stakeholders will receive updates as the offering materializes.
Company Contacts
Additional inquiries can be directed to Tomas Varenbergas, Head of Investment Management Division at Šiauli? Bankas AB, via email at tomas.varenbergas@sb.lt. This contact will be able to provide further details regarding the note offering and any related queries.
Frequently Asked Questions
What is the purpose of the Senior Preferred note offering?
The offering aims to strengthen the capital base of Šiauli? Bankas AB, depending on favorable market conditions.
Who are the Joint Lead Managers for this offering?
Citigroup, Erste Group, Goldman Sachs Bank Europe SE, Morgan Stanley, and Šiauli? Bankas AB are the appointed Joint Lead Managers.
What regulations apply to this offering?
Relevant regulations from the FCA and ICMA will apply to the stabilisation of the offering.
How will market conditions affect the offering?
The timing and execution of the offering are contingent upon favorable market conditions that will be closely monitored by the bank.
How can investors get more information?
Investors can contact Tomas Varenbergas at Šiauli? Bankas AB for more details on the offering through the provided email address.
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