Morgan Stanley & Co. Int'l plc Stabilisation Notice (7605M)

TIDM48QN

RNS Number : 7605M

Morgan Stanley & Co. Int'l plc

13 May 2020

13 May 2020

N ot for di s t r ibut ion, d irec tly or ind irect l y, in or into the Uni ted S tates or any juris d i c tion in w h ich such d i s tribu t ion wou ld be un l a wf u l.

Telefonica Emisiones, S.A.U.

Stabi l i sat ion Not i ce

Morgan Stanley & Co. International plc (contact: Morgan Stanley Debt Syndicate - Daniel Shane; telephone: [phone] ) hereby gives notice, as Coordinating Stabilisation Manager, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014.

 
 Securities 
 Issuer:                     Telefonica Emisiones, S.A.U. 
                            ---------------------------------------------- 
 G ua ran tor (if any        Telefonica, S.A. 
  ): 
                            ---------------------------------------------- 
 Aggregate nominal amount:   TBD 
                            ---------------------------------------------- 
 D escr ipt ion:             EUR [--],000,000 Senior Unsecured Securities 
                              due 2027 (the "2027 Securities"); and 
                              EUR [--],000,000 Senior Unsecured Securities 
                              due 2032 (the "2032 Securities") 
                            ---------------------------------------------- 
 O ff er pr ice:             TBD 
                            ---------------------------------------------- 
 Stabilisation 
 Stabilisation Manager(s):   Morgan Stanley & Co. International plc 
                              Banco de Sabadell, S.A. 
                              Barclays Bank Ireland PLC 
                              Bayerische Landesbank 
                              Credit Suisse International 
                              Goldman Sachs International 
                              Mediobanca - Banca di Credito Finanziario 
                              S.p.A. 
                              Merrill Lynch International 
                              Natixis 
                              UBS Europe SE 
                            ---------------------------------------------- 
 Stab i l is a ti on         13 May 2020 
  pe riod expect ed to 
  s tart on: 
                            ---------------------------------------------- 
 Stab i l is a ti on         19 June 2020 
  pe riod expect ed to 
  end no later than: 
                            ---------------------------------------------- 
 E x i s t ence, max         The Stabilisation M anager(s) m a y over 
  i mum s ize and cond        -all ot the secu r i t ies to the extent 
  i tions of use of over      pe r mi tt ed in accordance w ith appl 
  -all o t ment fac i         icab le laws and rules. 
  l it y: 
                            ---------------------------------------------- 
 Stabilisation trading       Irish Stock Exchange plc, Euronext Dublin 
  venue: 
                            ---------------------------------------------- 
 

I n connect ion w ith the offer of the above secur i t ies, the Stabilisation Manager(s) m a y o ver -allot the secu r i ti es or effect transact ions w ith a v iew to suppor t ing the m a r ket pr ice of the secur i t ies during the stabilisation period at a level hi gher than that which m i ght ot her w ise p revai l. However, stabi l is a ti on may not necessarily occur and any stabi l i sat ion ac tion, if begun, m ay cease at any ti me. A ny stabi l is a ti on act ion or over -allot ment sha ll be conducted in acco rdance w ith a ll appl i cable laws and r u l es.

T h i s announcement is for infor mat ion pu rpo ses only and does not cons t i t u te an inv it a t ion or offer to unde r w rit e, subscribe for or o the r w ise acqui re or di spose of any securi t i es of the I ssuer in any j u ri sdi c t ion.

T h i s announcement and t he offer of the securi ti es to which it relat es a re on ly addres sed to and dir ected at per sons out s ide the Uni ted K ingdom and persons in the U n it ed K ingdom who ha ve profes s ional exper ience in matt e rs r e l a ted to inves tments or who are h i gh net worth per sons w ithin ar t icle 12(5) of t he Financ i al Se r v ices and Mar kets Act 2000 ( F inanc ial P romot ion) Or der 2005 and must not be acted on or rel ied on by other per sons in the U n i ted Kingdom.

I n addition, if and to the ex tent t hat this announcem ent is communi cated i n, or the offer of the secu r i ti es to which it r e l a t es is made i n, any EEA M e mber State or the United Kingdom (each, for the purposes of this provision, a "Relevant State") before t he pub li cat ion of a pr o spec tus in r e l a tion to t he s ecur i t ies which has been approved by the competent author i ty in t hat Relevant St a te in acco rdance w ith Regulation (EU) 2017/1129 ( t he "Prospect us Regulation") (or which has been approved by a compe tent au thor ity in another Relevant State and not i f ied to the compet ent aut hor i ty in that Relevant S t a te in acco r dance w ith the Prospect us Regulation), this announcement and t he offer are only addressed to and di rected at pers ons in that Relevant S tate who a re qua li f i ed investors w ithin the m eaning of the P rospec tus Regulation (or who are o ther per sons to whom the offer m ay lawful ly be addres sed) and must not be ac ted on or r e li ed on by other pe rsons in that Relevant Stat e.

T h i s announcement is not an offer of secur i t ies for sale into the U n it ed St a t es. The secu r i t ies have not been, and w ill not be, reg is tered under the Uni ted S tates Secu r i t ies Act of 1933 and m ay not be offered or s o ld in t he Uni ted St a t es absent reg i s t rat ion or an exemption f rom reg is t r a tion. The re w ill be no publ ic offer of secu r i ti es in the Uni ted S t a tes.

END.

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 [e-mail] or visit www.rns.com.

END

STAAJMPTMTMBMJM

(END) Dow Jones Newswires

May 13, 2020 04:07 ET (08:07 GMT)