LONDON - J.P. Morgan Securities PLC announced that the European Investment Bank (EIB) has successfully completed the issuance of a 10-year fixed-rate notes offering, with no stabilization actions undertaken post-offering. The securities, totaling EUR 5 billion with a coupon of 2.875%, were listed on the Luxembourg Stock Exchange's Regulated Market.
The offer, which was priced at 99.239, took place under the coordination of J.P. Morgan Securities PLC, with BNP Paribas (OTC:BNPQY), Morgan Stanley (NYSE:MS), and Natixis serving as stabilization managers. However, the banks did not engage in any market stabilization, a process typically used to support the price of a security following its initial offering.
Stabilization activities, if they had occurred, would have fallen under the scope of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority. The absence of such measures indicates that the demand for the EIB notes was in line with the supply, negating the need for the stabilization managers to intervene in the market.
It is important to note that the securities mentioned have not been and will not be registered under the United States Securities Act of 1933. Consequently, the securities may not be offered or sold in the United States absent registration or an exemption from registration. Furthermore, the announcement clarifies that there has not been and will not be a public offer of the securities in the United States.
The information provided in this announcement is based solely on a press release statement and is intended for informational purposes only. It does not represent an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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