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LONDON - J.P. Morgan Securities plc announced Tuesday it will act as Stabilisation Coordinator for ION Platform Finance US, Inc.’s upcoming euro-denominated senior secured notes offering.
The stabilisation period is expected to begin Tuesday and continue until October 30, according to a regulatory notice. The offering consists of benchmark-sized 5-year and 7-year senior secured notes, with both issues including call options after 2 and 3 years respectively.
As part of the stabilisation process, J.P. Morgan may over-allot securities up to 5% of the aggregate nominal amount and conduct transactions to support the market price of the securities at levels higher than might otherwise prevail.
The notes will be offered in minimum denominations of €100,000 and are expected to be listed on the International Stock Exchange. The offering is structured as a Regulation S/Rule 144A transaction.
The stabilisation activities, which are not guaranteed to occur, must conclude no later than 30 days after the issue date or 60 days following the allotment of securities, whichever comes first.
The announcement notes that the securities have not been and will not be registered under the U.S. Securities Act of 1933, and there will be no public offering in the United States.
This information was provided in a press release statement from J.P. Morgan Securities plc.
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