14th Jul 2005 15:04
HSBC Bank plc14 July 2005 NEWCASTLE BUILDING SOCIETY (A3/A - Moody's/Fitch) has mandated Barclays Capitaland HSBC Bank plc for a benchmark Sterling FRN. The transaction will belaunched, subject to market conditions, following marketing to be undertakennext week. FSA/IPMA Stabilisation In connection with the issue of this Tranche of Notes, Barclays Capital or HSBCBank plc (the "Stabilising Managers") may over-allot Notes (provided that theaggregate principal amount of Notes allotted does not exceed 105% per cent. ofthe aggregate principal amount of the Tranche) or effect transactions with aview to supporting the market price of the Notes at a level higher than thatwhich might otherwise prevail. However, there is no assurance that theStabilising Manager(s) (or persons acting on behalf of a Stabilising Manager)will undertake stabilisation action. Any stabilisation action may begin on orafter the date on which adequate public disclosure of the final terms of theoffer of the Tranche is made and, if begun, may be ended at any time, but itmust end no later than the earlier of 30 days after the issue date of theTranche and 60 days after the date of the allotment of the Tranche. Stabilisation may take place from the day of issue up until 30 days aftersettlement date. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Newcastle 125/8