J.P. Morgan reports no stabilisation actions for Golden Goose bond offer

Published 12/05/2025, 09:08
© Reuters.

LONDON - J.P. Morgan SE announced today that it has not undertaken any stabilisation measures for the securities offered by Golden Goose S.p.A. The notice follows the pre-stabilisation period announcement from May 8, 2025, concerning the Italian company’s issuance of EUR 480 million in senior secured floating-rate notes.

The securities in question, described as EUR 6-Non-Call-1-year Senior Secured FRN Notes, have been listed on both the Luxembourg and Vienna Stock Exchanges. The offer price was set at 100.000%.

Stabilisation activities are interventions conducted by underwriters to support the secondary market price of a new security after its initial offering. Such measures are common in the case of significant market volatility or if a new issue is not well received by investors. However, in this instance, J.P. Morgan SE, acting as the stabilisation coordinator, confirmed that no such actions were required.

The team of stabilisation managers included prominent financial institutions such as Goldman Sachs, BNP Paribas (OTC:BNPQY), Bank of America, Citi, UBS, and Unicredit (BIT:CRDI).

This announcement serves purely as a factual statement and does not constitute an offer or invitation to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the UK as a Primary Information Provider. Terms and conditions related to the use and distribution of this information may apply.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.