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Morgan Stanley confirms no stabilization for CaixaBank's one billion euro bond offering
Morgan Stanley Europe SE announced that it did not engage in stabilization activities for CaixaBank’s EUR 1 billion Tier 2 subordinated callable notes offering, following a pre-stabilization notice issued on February 27, 2025. The notes, priced at 99.880, demonstrated market stability without intervention, indicating strong demand and favorable conditions. Notably, these securities are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. without proper registration or exemption.
lone star plans 25 to 30 percent stake sale in novo banco
Lone Star is likely to sell a 25-30% stake in Novo Banco through an IPO, rather than pursuing a full sale, according to Portugal's Finance Minister. The bank, valued at approximately €5 billion, was established in 2014 following a government bailout of Banco Espirito Santo. Lone Star has held its 75% stake since 2017, with the government confirming it has not been informed of any plans for a complete divestment.
European stocks poised for gains as ECB prepares for rate cut
European stocks are set to open higher as investors anticipate a 25-basis-point rate cut from the European Central Bank, bringing the key overnight deposit rate to 2.75%. Key earnings reports are expected from companies including Nokia, Deutsche Bank, and Shell, while market attention will focus on growth data and consumer confidence in the euro zone.
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