J.P. Morgan concludes stabilization period for Sunrise FinCo bonds

LONDON - J.P. Morgan S.E. has announced that it did not engage in stabilization activities for Sunrise FinCo I B.V.’s recently offered securities. The announcement made on Thursday follows a pre-stabilization notice issued on May 21, 2025, which outlined potential market interventions following the issuance of EUR 550 million in Senior Secured Notes by Sunrise FinCo I B.V.

The securities in question, described as EUR 7NC3 Senior Secured Notes, have been listed on The International Stock Exchange. The offer price was set at 100.000%. Stabilization measures, if they had been executed, would have been aimed at supporting the market price of the securities during a volatile post-issuance trading period.

Stabilization activities are regulated under Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority (FCA). These rules allow underwriters to buy shares in a new issue after trading begins to support the market price.

The stabilization period for Sunrise FinCo I B.V.’s securities was managed by a syndicate of banks, with J.P. Morgan S.E. serving as the stabilization coordinator. Other banks involved as stabilization managers included Citi, Bank of America, BNP Paribas (OTC:BNPQY), Morgan Stanley (NYSE:MS), and UBS.

The absence of stabilization actions suggests that the market conditions did not necessitate intervention by the stabilization managers to maintain the securities’ price. This could imply a stable or self-supporting market environment for the newly issued notes.

The announcement is strictly informational and is not an offer or invitation to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer. It is based on a press release statement and does not reflect any promotional content or endorsement of the securities or the issuer.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.