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LONDON - Cencora, Inc., a company whose securities are listed on the New York Stock Exchange, has concluded a post-stabilisation period without any stabilisation activities being conducted, as announced by J.P. Morgan Securities plc today. The securities in question include EUR 3-year and 7-year fixed senior unsecured notes, with an aggregate nominal amount of EUR 500 million for each maturity.
The offering, which was SEC-registered, had an offer price of 99.96 for the 3-year notes and 99.757 for the 7-year notes. J.P. Morgan Securities Plc served as the stabilisation coordinator, with BNP Paribas (OTC:BNPQY), Citibank, and Societe Generale (OTC:SCGLY) acting as stabilisation managers.
Stabilisation measures are typically employed by financial institutions to support the secondary market price of a security after its initial offering. However, in this case, J.P. Morgan Securities plc has indicated that no such actions were taken during the post-stabilisation period.
The absence of stabilisation activities suggests that the market for Cencora’s securities was stable enough not to require intervention. This information is based on a press release statement and is intended for general informational purposes only, not constituting an offer or invitation to acquire or dispose of any securities.
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