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BRUSSELS - J.P. Morgan SE announced today that it did not undertake any stabilisation measures for KBC Group (OTC:KBCSY) NV’s recently offered securities. The announcement follows a pre-stabilisation period notice issued on Monday.
The securities in question include a EUR 1 billion aggregate nominal amount of perpetual bonds, which are not callable for 5.5 years, and are listed on Euronext (EPA:ENX) Brussels. The offer price was set at 100.000%.
Stabilisation efforts are actions taken by underwriters to support the market price of securities immediately following an offering. However, J.P. Morgan SE, acting as the stabilisation coordinator, confirmed that no such activities were required for KBC Group NV’s offering.
Other financial institutions involved as stabilisation managers included Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), BofA Securities, Goldman Sachs, and KBC Bank.
This information, which is based on a press release statement, is purely for informational purposes and should not be construed as an offer or invitation to underwrite, subscribe, acquire, or dispose of any securities mentioned.
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