IDA plans EUR fixed rate notes due 2045, J.P. Morgan to stabilize

LONDON - The International Development Association (IDA) is set to issue fixed rate notes due in June 2045, with J.P. Morgan Securities PLC acting as the Stabilisation Coordinator. The announcement made today indicates that the stabilization period is expected to commence on the same day and may last until July 3, 2025.

The aggregate nominal amount and offer price of the EUR-denominated notes have yet to be confirmed. The notes will be listed on the Luxembourg stock exchange, with denominations set at EUR 1,000.

J.P. Morgan, along with BofA, DB, and DZ, will serve as the Stabilisation Managers. During the stabilization period, they may over-allot the securities by up to 5% of the aggregate nominal amount. Additionally, they may undertake transactions to support the market price of the securities above the level that might otherwise prevail in the market.

However, there is no guarantee that stabilization will occur, and if initiated, it can be discontinued at any time. Any stabilization action must end no later than 30 days after the securities’ issue date or 60 days after the date of allotment.

This pre-stabilisation period announcement is intended for informational purposes only and does not serve as an invitation or offer to underwrite, subscribe for, or acquire securities. The offer is directed at persons outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional investment experience or are high net worth individuals, as defined by the Financial Services and Markets Act 2000.

The information is based on a press release statement and is distributed by RNS, the news service of the London Stock Exchange (LON:LSEG). The Financial Conduct Authority has approved RNS to act as a Primary Information Provider in the UK. Terms and conditions related to the use and distribution of this information may apply.

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