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LONDON - J.P. Morgan SE announced today that it did not engage in stabilization for Banca Monte dei Paschi di Siena SpA’s securities. This follows the pre-stabilization period announcement made on May 21, 2025. Stabilization activities refer to measures taken by underwriters to support the market price of securities immediately after their issuance.
The securities in question are EUR 500 million worth of 6-year non-call 5-year senior preferred fixed-to-floating rate notes, which are dematerialized and listed on the Luxembourg Stock Exchange. The offer price for these notes was set at 99.662%.
J.P. Morgan SE acted as the stabilization coordinator, with Banca Monte dei Paschi di Siena and other financial institutions including BofA Securities, BBVA (BME:BBVA), Credit Agricole (OTC:CRARY) CIB, Jefferies, and UBS serving as stabilization managers.
Stabilization is regulated under Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and by the rules of the Financial Conduct Authority. The lack of stabilization activities indicates that the market did not require intervention to maintain the notes’ price post-issuance.
This announcement is informational and should not be seen as an invitation or offer to buy or sell any securities of the Issuer. The information provided is based on a press release statement and is intended for audiences outside the United States or any jurisdiction where distribution would be unlawful.
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