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LONDON - J.P. Morgan Securities plc announced Wednesday it will act as stabilisation coordinator for FedEx Corporation (NYSE:FDX)’s upcoming euro-denominated bond offerings. The stabilisation period is expected to begin July 23, 2025, and end by August 23, 2025, according to a press release statement.
The offerings consist of two tranches: a €500 million 7-year bond and a €500 million 12-year bond. Both are senior, unsecured securities that will be registered with the SEC and listed on the New York Stock Exchange.
BNP Paribas (OTC:BNPQY) and Goldman Sachs will serve as additional stabilisation managers. The stabilisation managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price of the bonds.
The stabilisation activities are being conducted in accordance with Commission Delegated Regulation under the Market Abuse Regulation. These activities may include transactions designed to support the bond prices at levels higher than might otherwise prevail in the open market.
The securities will be offered in denominations of €100,000. The offer price has not yet been determined.
The announcement specifies that the securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States. The offering is primarily directed at qualified investors outside the United Kingdom (TADAWUL:4280) and those within the UK who have professional experience in investment matters.
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