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LONDON - J.P. Morgan SE has announced that no stabilization actions were carried out following the recent bond issuance by the Republic of France. The statement, released on Friday, confirms the completion of the post-stabilization period related to the offer, initially detailed on February 12, 2025.
The securities in question are EUR fixed-rate notes, with an aggregate nominal amount of EUR 8 billion, maturing on May 25, 2056, and featuring a coupon of 3.75%. The offer price for these notes was set at 98.740.
Stabilization measures are typically executed by financial institutions to support the market price of securities immediately after their issuance. However, in this case, J.P. Morgan SE, serving as the stabilization coordinator, along with other stabilization managers including BNPP, Citi, DB, and SG, did not find it necessary to undertake such measures.
The absence of stabilization activities can be an indicator of stable or sufficient demand for the securities in the market, negating the need for intervention by the stabilization managers.
This bond issuance and the subsequent lack of stabilization action is significant as it reflects the market's reception of new securities and can signal investor confidence in the issuer, which in this case is the Republic of France.
It's important to note that this announcement is purely for informational purposes and does not represent an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer.
The information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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