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LONDON - J.P. Morgan SE has announced that it did not undertake any stabilisation measures for the recently issued fixed-rate notes by the Republic of Austria. The securities in question, with aggregate nominal amounts of EUR 3 billion for notes due in 2029, EUR 2.25 billion for 2039, and EUR 1.75 billion for 2053, were listed without the need for market intervention to support their price.
The notes, which were first announced on April 23, 2025, carry coupons of 2.500% for the 2029 maturity, 3.200% for the 2039 maturity, and 3.150% for the 2053 maturity. They have been admitted to trading on the regulated markets of the Vienna Stock Exchange and the Frankfurt Stock Exchange.
According to J.P. Morgan SE, the offer prices were set at 100.86% of the nominal value for the 2029 notes, 99.562% for the 2039 notes, and 95.00% for the 2053 notes. The absence of stabilisation activities indicates that the market has accepted these securities at their offered prices without additional support from the underwriters.
Stabilisation efforts are typically undertaken by a stabilisation manager to prevent or reduce volatility in the trading price of a new security after its initial offering. However, in this case, J.P. Morgan SE, acting as the Stabilisation Coordinator, alongside other managers including BARC, CITI, DB, GSBE SE, JPM, and Raiffeisen Bank International, confirmed that such actions were not required.
This announcement serves as a post-stabilisation period notice and is purely informational, not serving as an invitation or offer to underwrite, subscribe for, or acquire securities. The information is based on a press release statement and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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