LONDON - The Asian Infrastructure Investment Bank (AIIB) has initiated the offer of $2 billion in fixed-rate notes, according to an announcement by J.P. Morgan Securities PLC, the stabilization coordinator for the transaction. The notes, which are due on January 16, 2030, are expected to be listed on the Main Market of the London Stock Exchange (LON:LSEG).
The stabilization period for these securities began today, with J.P. Morgan Securities PLC leading the process, supported by BMO, CACIB, and CITI as stabilization managers. The stabilization activities, aimed at supporting the market price of the securities, may include over-allotment of the securities, not exceeding 5% of the aggregate nominal amount. This means the total allotted amount could reach up to $2.1 billion if the over-allotment option is fully exercised.
The stabilization measures, which are in compliance with the Market Abuse Regulation (EU/596/2016) and Commission Delegated Regulation EU/xxx/2016, could include transactions to maintain the market price of the securities at levels above those that might otherwise prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it may end at any time. The stabilization period is expected to conclude no later than February 9, 2025.
This offering and the associated stabilization measures are directed at qualified institutional buyers and high-net-worth individuals in accordance with the Financial Services and Markets Act 2000. It is not intended for distribution or use by the general public in the United Kingdom (TADAWUL:4280) or any other jurisdiction where such activities would be considered unlawful.
The announcement of this offering is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The details of the offering, including the offer price and denominations, will be determined and communicated in due course.
This news is based on a press release statement and aims to provide investors with information regarding the latest financial activities of AIIB as it pertains to the securities market. It is important to note that the success of the stabilization efforts and the offering itself are subject to market conditions and investor interest.
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