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LONDON - J.P. Morgan Securities PLC has announced as the Stabilisation Coordinator that it may engage in stabilization activities for the Inter-American Development Bank (IADB)’s upcoming securities offering. The securities in question are USD benchmark fixed-rate notes due June 14, 2030, to be listed on the London Stock Exchange (LON:LSEG)’s Regulated Market.
The stabilization period is set to commence today, with the potential to extend until May 30, 2025. During this time, stabilizing managers, including HSBC, JPM, RBCCM, and Scotiabank (TSX:BNS), alongside J.P. Morgan Securities PLC, may over-allot securities or take other actions to support the market price of the securities.
The stabilization efforts are aimed at preventing price volatility in the period immediately following the securities issuance. It is important to note that there is no certainty that stabilization will occur and, if initiated, may end at any time within the predefined period. The maximum size of over-allotment is capped at 5% above the aggregate nominal amount of the offering.
This pre-stabilisation notice serves as an informational announcement and does not constitute an offer to sell or a solicitation of an offer to buy the IADB securities. The offer is directed exclusively at individuals with professional investment experience and high net worth entities in the United Kingdom (TADAWUL:4280), as well as qualified investors in the European Economic Area in accordance with the Prospectus Directive.
The announcement emphasizes that stabilization activities, if undertaken, will be conducted in accordance with the Market Abuse Regulation (EU/596/2016) and Commission Delegated Regulation EU/xxx/2016. The stabilization trading, if it takes place, will be executed over the counter.
This information is based on a press release statement and is intended for those who are legally permitted to receive such information. The details provided in this announcement are subject to terms and conditions that govern the use and distribution of the information.
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