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LONDON - J.P. Morgan Securities plc announced Wednesday it has begun acting as stabilization coordinator for Axian Telecom (BCBA:TECO2m) Holding and Management PLC’s benchmark USD senior unsecured guaranteed notes offering.
The stabilization period, which began on June 24, 2025, is expected to continue until July 24, 2025. During this time, J.P. Morgan, along with stabilization managers Standard Bank and Standard Chartered (LON:STAN), may engage in transactions to support the market price of the securities.
The notes are structured as USD 5-year non-call 2-year senior unsecured guaranteed bonds with a 144A/Reg S format and will be listed on the International Stock Exchange. The minimum denomination is set at USD 200,000 with increments of USD 1,000.
As part of the stabilization process, the managers may over-allot securities by up to 5% of the aggregate nominal amount. The bonds are guaranteed by multiple Axian Telecom entities including Axian Telecom Mauritius, Telecom Malagasy, and several other subsidiaries.
The stabilization activities are being conducted in accordance with Commission Delegated Regulation under the Market Abuse Regulation. These activities may not necessarily occur, and if begun, could cease at any time during the stabilization period.
According to the press release statement, 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.
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