Gold prices add to record high amid fiscal, tariff concerns
FRANKFURT - J.P. Morgan SE announced Wednesday that no stabilisation measures were undertaken for BNG Bank N.V.’s recent €500 million bond offering, according to a post-stabilisation notice.
The fixed-rate notes, due February 26, 2035, carry a 2.875% coupon and were priced at 98.095. The securities are listed on the Luxembourg exchange.
J.P. Morgan SE served as the stabilisation coordinator for the offering, with BNP Paribas and HSBC acting as stabilisation managers. The announcement follows a pre-stabilisation notice issued Tuesday.
BNG Bank N.V., a Dutch public sector bank, completed the bond issuance without any market intervention from the stabilisation managers. Stabilisation measures, which can include purchasing securities to support their market price during the initial offering period, were not deemed necessary for this transaction.
The bonds have not been registered under the United States Securities Act of 1933 and are not being offered to U.S. investors, according to the press release statement.
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