Intel stock spikes after report of possible US government stake
LONDON - J.P. Morgan SE announced today that it did not undertake any stabilisation measures for the Republic of Iceland’s recent EUR 750 million bond issue. The securities in question are fixed-rate notes due on May 27, 2030, with a coupon of 2.625%, listed on the London Stock Exchange (LON:LSEG).
The announcement follows a prior notice from May 20, 2024, indicating a potential stabilisation period. Stabilisation activities are conducted to support the market price of securities immediately after their issuance. However, in this case, J.P. Morgan SE, acting as the Stabilisation Coordinator alongside Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), and Citi (B&D), confirmed that no such actions were required.
The offer price for the bonds was set at 99.783. The absence of stabilisation suggests that the market conditions or investor demand did not necessitate intervention to maintain the bonds’ pricing.
It is important to note that the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. There will not be a public offering of these securities in the United States.
This information is based on a press release statement and is provided for informational purposes only. It does not constitute an invitation or offer to underwrite, subscribe for, or acquire securities in any jurisdiction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.