Bank Al Jazira completes $500 million perpetual bond offering without stabilization

Published 16/09/2025, 12:28
Bank Al Jazira completes $500 million perpetual bond offering without stabilization

LONDON - Bank Al Jazira has completed its $500 million perpetual non-call 5.5-year bond offering without any price stabilization measures, according to a statement released Tuesday by JP Morgan Securities PLC.

The Saudi Arabian bank’s securities were offered at 100.000% of face value and are listed on the London Stock Exchange’s International Securities Market.

JP Morgan Securities PLC, which served as the stabilization coordinator, confirmed that no stabilization activities were undertaken for the offering. This follows the pre-stabilization announcement made on September 15.

Several financial institutions participated as stabilization managers for the transaction, including AlJazira Capital, Citi, Emirates NBD Capital, Mashreq Bank, and Standard Chartered Bank.

Stabilization measures, which are permitted under EU Market Abuse Regulation and Financial Conduct Authority rules, are sometimes implemented to support the price of newly issued securities. In this case, the bond issuance proceeded without such intervention.

The perpetual bond structure means the securities have no fixed maturity date, though they include a provision allowing the issuer to call (redeem) them after 5.5 years.

The information was disclosed in a regulatory filing to the London Stock Exchange’s news service.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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