LONDON - J.P. Morgan SE has announced the potential stabilization of Public Property Invest ASA's new EUR 300 million bond issuance, starting today. The stabilization period, coordinated by J.P. Morgan as the Stabilization Manager, is expected to last until January 5, 2025, unless market conditions dictate an earlier conclusion.
The securities in question are EUR Long 5-year Senior Unsecured Bonds, which will be listed on the Euronext (EPA:ENX) Dublin Stock exchange. The offer price is yet to be confirmed. The stabilization managers, including Citi, Danske, DNB Markets, and Nordea, have the ability to over-allot securities by up to 5% of the aggregate nominal amount.
Stabilization actions, which may include over-allotment and transactions to support the market price of the securities, are not guaranteed to take place and can end at any time within the set period. These measures are designed to provide liquidity and support price levels of the bonds post-issuance, in accordance with EU market abuse regulations.
The announcement clarifies that the securities are not being offered in the United States and cannot be sold there without registration or an exemption, as they have not been registered under the United States Securities Act of 1933.
This information, based on a press release statement, is directed at qualified investors and those with professional investment experience in the United Kingdom (TADAWUL:4280) and EEA Member States. It is not an offer for sale or a solicitation of an offer to buy any securities in any jurisdiction where such an offer or sale would be unlawful.
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