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LONDON - JP Morgan SE announced Thursday it will act as stabilisation coordinator for Public Property Invest ASA’s upcoming €300 million senior unsecured notes offering, according to a press release.
The Norwegian issuer plans to offer six-year fixed-rate senior unsecured notes that will be listed on Euronext Dublin. The stabilisation period is expected to begin today and end no later than November 9, 2025.
JP Morgan SE will serve as the stabilisation coordinator, with DNB Carnegie and Nordea acting as stabilisation managers. The stabilisation managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price.
The notes will be offered with a minimum denomination of €100,000. The offer price has not yet been determined.
The stabilisation process allows managers to intervene in the market following the initial offering to prevent excessive price fluctuations. However, the press release noted that stabilisation may not necessarily occur, and any stabilisation action may cease at any time.
The securities have not been registered under the United States Securities Act of 1933 and will not be 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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