Gold prices fall as geopolitical tensions ease; U.S. CPI looms
LONDON - J.P. Morgan Securities PLC has announced the conclusion of the stabilization period related to the Republic of Armenia’s recent bond issuance, confirming that no stabilization actions were undertaken. The announcement follows the pre-stabilization notice issued on Sunday, concerning the USD 750 million senior unsecured notes with a 10-year maturity listed on the London Stock Exchange (LON:LSEG).
The bonds, offered at 97.524% of their nominal value, are expected to yield 7.1%. J.P. Morgan Securities PLC served as the stabilization coordinator, with Citigroup (NYSE:C) Global Markets Limited and Credit Agricole (OTC:CRARY) CIB acting as stabilization managers. The stabilization period is a post-issuance phase allowing underwriters to buy back securities to support the market price.
This notice is informational and does not serve as an offer to buy or sell the securities mentioned. The information is based on a press release statement.
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