Gold prices add to record high amid fiscal, tariff concerns
MILAN - J.P. Morgan SE announced Wednesday that no market stabilisation measures were undertaken for the Republic of Italy’s recent €18 billion bond offering, according to a post-stabilisation notice.
The bond issuance consisted of two tranches: €13 billion in 7-year fixed-rate notes due November 15, 2032, with a 3.25% coupon, and €5 billion in 30-year fixed-rate notes due October 1, 2055, carrying a 4.65% coupon.
The 7-year notes were priced at 99.667, while the 30-year notes were offered at 99.560, according to the statement.
J.P. Morgan SE served as the stabilisation coordinator for the offering, with BBVA, Citigroup, Deutsche Bank, Morgan Stanley, and Nomura acting as additional stabilisation managers.
Both tranches of the Italian government bonds are listed on Borsa Italiana S.p.A.’s regulated market (M.O.T.) and are also trading on the MTS platform.
The announcement follows a pre-stabilisation notice dated September 2, 2025, and confirms that no market intervention was deemed necessary to support the price of the securities after issuance.
Market stabilisation is a process whereby underwriters may intervene in the market to prevent or slow the decline in the price of newly issued securities.
The information was disclosed in a regulatory news service filing through the London Stock Exchange.
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