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LUXEMBOURG - J.P. Morgan SE announced Thursday it will act as stabilisation coordinator for Aroundtown Finance S.à r.l.'s upcoming issuance of euro-denominated perpetual subordinated notes.
The stabilisation period for the benchmark-sized notes is expected to begin October 23 and end by November 23, 2025, according to a press release statement. The securities will be perpetual with a non-call period of 5.6 years.
J.P. Morgan SE will lead the stabilisation efforts alongside BofA Securities Europe SA, Citigroup, Goldman Sachs International, and Morgan Stanley as stabilisation managers. The stabilisation team may over-allot securities by up to 5% of the aggregate nominal amount.
The notes will be unsecured and subordinated, with a minimum denomination of €100,000. They are expected to be listed on the Luxembourg Stock Exchange.
Stabilisation activities may include transactions designed to support the market price of the securities at levels higher than might otherwise prevail, though such action is not guaranteed to occur and may cease at any time.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered in the United States. The offering is primarily directed at qualified investors in European Economic Area Member States and experienced investors in the United Kingdom.
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