US Bancorp (UBS) to Underpin Arion Bank's 300M Senior Preferred Notes

U.S. Bancorp (NYSE:USB) is one of the best dividend stocks to buy. On August 26, UBS announced it may serve as stabilizing manager for Arion Bank’s €300 million senior preferred notes.

The notes will mature in 2031, and the stabilization phase is expected to start on August 26, 2025, and finish no later than October 1, 2025.

UBS Europe SE will oversee stabilization and may take actions such as over-allotting or trading securities to support prices, not exceeding 5% of the total nominal amount.

The notes’ offer price and terms have not been set yet. Stabilization is allowed under EU rules (Commission Regulation (EC) No. 2273/2003), but UBS noted it may not take any stabilization action, which can be stopped at any time. The securities are not registered under US law and will not be offered in the US.

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