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Erste Group Bank AG to Stabilise Lithuanian EUR Benchmark Offering

Story Highlights
  • Erste Group Bank AG is coordinating the stabilisation for Lithuania’s EUR Benchmark Offering.
  • The bank may over-allot securities to support market price during stabilisation.
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Erste Group Bank AG to Stabilise Lithuanian EUR Benchmark Offering

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The latest announcement is out from Erste Group Bank ( (EBKOF) ).

Erste Group Bank AG has announced its role as the Stabilisation Coordinator for the Republic of Lithuania’s L10Y & 20Y EUR Benchmark Offering. The bank will oversee the stabilisation process, which may involve over-allotting securities or engaging in transactions to support the market price during the stabilisation period. This action is in accordance with EU regulations and aims to maintain market stability, although there is no guarantee that stabilisation will occur.

More about Erste Group Bank

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