Intel stock spikes after report of possible US government stake
LONDON - The Kingdom (TADAWUL:4280) of Bahrain, through its Ministry of Finance and National Economy, has initiated a stabilization period for its new 12-year fixed senior unsecured notes, as announced by J.P. Morgan Securities plc, the stabilization coordinator. The securities, which are listed on the London Stock Exchange (LON:LSEG)’s Main Market, are part of a USD benchmark offering with an offer price to be confirmed.
The stabilization period, which began today, is expected to last until May 30, 2025. During this time, J.P. Morgan Securities Plc, along with other stabilization managers, including Citi, First Abu Dhabi Bank, HSBC, National Bank of Bahrain, Bank ABC, Dubai Islamic Bank, and Emirates NBD Capital, may engage in transactions to support the market price of the securities.
The stabilization managers have the option to over-allot the securities by up to 5% of the aggregate nominal amount. This over-allotment facility is a common practice intended to stabilize the price after the issuance of a new security. Stabilization activities, if commenced, may not necessarily continue and can end at any time within the specified period.
This announcement is directed at persons with professional investment experience and high net worth individuals in the United Kingdom, as well as qualified investors in the European Economic Area, in accordance with the Financial Services and Markets Act 2000 and the Prospectus Directive.
The securities in question have not been and will not be registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold within the United States absent registration or an exemption from registration requirements. There will be no public offer of these securities in the United States.
The information is based on a press release statement and is intended for informational purposes only, not constituting an offer to underwrite, subscribe for, or acquire securities in any jurisdiction.
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