Latest news with #FinancialServicesandMarketsAct2000
Yahoo
22-05-2025
- Business
- Yahoo
BNP Paribas Primary New Issues: MID-Stabilisation Notice
22.05.2025 Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful. [] Mid-stabilisation Period Announcement [Further to the pre-stabilisation period announcement dated 16.05.2025] BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222) hereby gives notice that the Stabilisation Manager(s) named below undertook stabilisation (within the meaning of [Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) / [and of] the rules of the Financial Conduct Authority)] in relation to the offer of the following securities, as set out below. Securities Issuer: WOLSELEY GROUP FINCO PLC Guarantor (if any): N/A Aggregate nominal amount: 350,000,000 GBP Description: Senior Secured Fixed Rate Notes Stabilisation Manager(s): BNP Paribas, Lloyds Bank, Wells Fargo, RBC, BOFA Stabilisation transaction[s] Date and time: Price: Quantity Stabilisation trading venue: 16/05/2025 17:10:48 99.25 1,000,000.00 OTC 16/05/2025 17:12:20 98.625 1,375,000.00 OTC 16/05/2025 17:12:26 98.625 125,000.00 OTC 16/05/2025 17:12:26 98.625 125,000.00 OTC 19/05/2025 09:21:51 98.50 -2,000,000.00 OTC 19/05/2025 09:32:45 98.625 -1,700,000.00 OTC 19/05/2025 09:56:38 99.00 -200,000.00 OTC 19/05/2025 09:59:05 98.83 -2,354,000.00 OTC 19/05/2025 10:02:33 99.23 -500,000.00 OTC 19/05/2025 11:31:42 99.015 1,000,000.00 OTC 19/05/2025 15:10:28 99.1 -1,000,000.00 OTC 20/05/2025 12:05:52 99.5 -2,000,000.00 OTC 20/05/2025 12:34:15 99.375 500,000.00 OTC 21/05/2025 17:04:09 99.55 2,300,000.00 OTC 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, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the 'Prospectus Regulation') (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (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 the UK or that Member State. This announcement is not an offer of securities for sale into the United States. The securities referred to above 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 has not been and will not be a public offer of the securities in the United States. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
HSBC Continental Europe: Pre Stabilisation Notice
PARIS, May 20, 2025 (GLOBE NEWSWIRE) -- EDP S.A. Pre Stabilisation Notice HSBC (contact: syndexecution@ hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities The securities: Issuer: EDP S.A. Guarantor (if any): NA Aggregate nominal amount: EUR Benchmark Description: Fixed due 27th May 2055 NC 6.75 Offer price: TBC Other offer terms: Stabilisation: Stabilising Manager(s): HSBC Continental Europe, BofA Securities, CaixaBI, Goldman Sachs Bank Europe SE, JP Morgan, Mediobanca, MUFG, Natixis, NatWest, Santander Stabilisation period expected to start on: 20th May 2025 Stabilisation period expected to end no later than: 26th June 2025 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. 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 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 Regulation (EU) 2017/1129 (the "Prospectus Regulation") (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 Regulation), 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 Regulation (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 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. 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] Please note that the existence and the maximum size of any greenshoe option, the exercise period of the greenshoe option and any conditions for exercise of the greenshoe option must also be disclosed, if such option exists. In addition, the exercise of the greenshoe option must be disclosed to the public promptly, together with all appropriate details, including in particular the date of exercise and the number and nature of securities involved This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit
Business Wire
14-05-2025
- Business
- Business Wire
Crestline Raises $3.5 Billion for Fourth Flagship Direct Lending Fund
FORT WORTH, Texas--(BUSINESS WIRE)--Crestline Investors, Inc. ('Crestline'), a global alternative investment manager, today announced the final close of Crestline Direct Lending Fund IV ('CDLIV' or the 'Fund'), with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage. Crestline's direct lending strategy provides tailored financing solutions to sponsor and non-sponsor backed companies across North America. The strategy lends to companies across the middle market with a focus on the lower and core segments. 'This marks another significant milestone in our commitment to providing flexible, scalable capital solutions for the companies with which we invest,' said Keith Williams, Managing Partner and Chief Investment Officer. 'Our investors' confidence reinforces our position as a trusted steward of capital, and we're deeply grateful for their support.' The Fund attracted a globally diversified investor base of new and existing limited partners, including public and corporate pension plans, sovereign wealth funds, asset managers, RIAs and other financial institutions across North America, Europe and Asia. 'The support we received from new and existing investors is a testament to our partnership approach and our track record of delivering both returns and capital preservation through credit cycles,' said Chris Semple, Partner and Co-Head of US Corporate Credit. 'It also reflects the growing demand for alpha-driven direct lending strategies that aren't predominantly focused on the upper-end of the market.' Crestline's direct lending strategy, launched in 2014, has closed over 150 transactions with more than $5.9 billion of capital invested. To date, CDLIV has completed 46 transactions across a broad array of borrower profiles, industries and sponsors. About Crestline Investors Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has over $16 billion of alternative credit assets under management (as of December 31, 2024) across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (' FP Order '); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons. The concept of financial promotion is very broad in the UK. Even though we are announcing a fund close, we are discussing financial products and that is in scope for financial promotion in the UK.
Yahoo
13-05-2025
- Business
- Yahoo
Post-Stabilisation Announcement
LONDON, May 13, 2025--(BUSINESS WIRE)-- PRE-STABILISATION ANNOUNCEMENT Date: 13th May 2025 Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful. Veolia Environnement Pre-stabilisation Period Announcement Natixis (contact: Laurent Lagorsse; telephone: 0158550814) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards. Securities Issuer: Veolia Environnement Guarantor(s) (if any): N/A Aggregate nominal amount: EUR Benchmark Description: PNC5.25 Offer price: IPT : 4.875% Area Other offer terms: N/A Stabilisation: Stabilisation Manager(s) Barclays, CaixaBank, Deutsche Bank, HSBC and Mizuho and Natixis Stabilisation period expected to start on 05/13/2025 Stabilisation period expected to end no later than 30 days after the proposed issue date of the securities Existence, maximum size and conditions of use of over‑allotment facility The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law Stabilisation trading venue(s) Over the counter (OTC) [insert venue name(s)] To be confirmed 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 during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease 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. 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 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 Regulation (EU) 2017/1129 (the "EEA Prospectus Regulation") (or which has been approved by a competent authority in another Member State and notified to the competent authority that Member State in accordance with the EEA Prospectus Regulation), 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 EEA Prospectus Regulation (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. If and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK in accordance with Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), this announcement and the offer are only addressed to and directed at persons in the UK who are qualified investors within the meaning of the UK Prospectus Regulation (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 the UK. 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. View source version on Contacts Natixis Syndicate Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-03-2025
- Automotive
- Yahoo
Thousands of drivers one step closer to a payout: The latest in the car finance scandal
Thousands of drivers could be one step closer to a payout, in the latest twist in the car finance mis-selling scandal. The latest news from the Financial Conduct Authority (FCA) would mean banks would be forced to proactively tell customers if they had been mis-sold car finance. It comes as some dealers or brokers earned a better rate of commission if car buyers were placed on higher interest rates. Read more from the Sky News Money blog In a recent Court of Appeal case, three people claimed they hadn't been aware of this when they purchased their vehicles. The ensuing scandal could end up costing lenders hundreds of millions of pounds to rectify. The car finance scandal - what exactly happened? When you buy a car on finance, you are effectively loaned the money, which you pay off in monthly instalments. These loans carry interest, organised by the brokers (the people who sell you the finance plan). These brokers earn money in the form of a commission (which is a percentage of the interest payments). Before January 2021, some car finance lenders had what was called a "discretionary commission arrangement" (DCA) with brokers. Under these arrangements, brokers earned more commission if buyers were put onto a higher interest rate - this incentivised sellers to maximise interest rates, which meant many were unfairly charged too much. The Financial Conduct Authority (FCA) banned this practice in 2021, but a high number of consumers have complained they were overcharged before the ban came into place. The Financial Ombudsman Service (FOS) has 20,000 open complaints they are dealing with. What is the investigation? In January 2024, the FCA announced a review into whether motor finance customers had been overcharged because of past use of DCAs. They paused the eight-week deadline for firms to respond to complaints and are now assessing thousands of records spanning 14 years. The FCA is using powers under the Financial Services and Markets Act 2000 to review historical motor finance commission arrangements across multiple firms - all of whom deny they have acted inappropriately. The FCA is now looking into a "consumer redress scheme" to see if this is a better way of compensating people en masse. What is the latest development? In March, the financial conduct authority said it will announce its decision on a redress scheme - which would mean lenders would have to proactively decide if customers had been affected - within six weeks of a decision following a landmark supreme court hearing early next month. This would mean individuals wouldn't need to complain, but they would be paid out an amount dictated by the FCA. What next? The Court of Appeal ruling (which sided with the consumers) has set a precedent for the industry by ruling that any dealers receiving commission from lenders must ensure their customers are fully informed about the arrangement. This ruling is being disputed by multiple lenders, including Santander and Lloyds, but could see big changes in the industry as well as a large influx of complaints. The FCA will publish the findings of its investigation in May 2025, as well as outlining the next steps. That will be . How to tell if you have been affected Motor finance serves over two million consumers a year, and the FCA says you may have been affected if you: Bought a car under a finance scheme before 28 January 2021 There was a discretionary commission arrangement between your lender and broker. Firms involved include Barclays, Santander, Close Brothers and Lloyds Banking Group (which organises loans through its Black Horse finance arm - and also happens to be the UK's largest motor finance provider). These lenders have been warned to set aside money to deal with claims. Read more from Sky News Money: Lloyds has already set aside £450m to cover compensation payments. If you aren't sure, you can write to the broker and lender - Which? has a you can use. Okay, so I am affected - what do I do now? If you find you have been mis-sold, the first step is to contact the firm that sold you the car finance product. Wait for its final response, and if you are not happy with what they say, escalate it to the Financial Ombudsman Service. The FCA has suspended the eight-week deadline for providers to get back to you, so you may find yourself waiting a little while. But they have also extended the deadline for you to refer your complaint to the ombudsman - you now have 15 months rather than six months after getting your final response. Be wary of claim management firms - there are plenty of adverts on social media encouraging drivers to enlist their services. If you use one of these services, you will have to give part of any payout to the firm. But there is no reason you can't manage it yourself, using the steps above. How much compensation could you be due? In one ombudsman case, the driver was found to have been charged interest of 5.5% when it could have been sold at 2.49%. The lender was told to pay the difference between payments, plus 8% interest on each overpayment.
