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DUBLIN - J.P. Morgan Securities plc has announced its role as the Stabilisation Coordinator for the upcoming securities offering from OCP S.A, a company set to list its senior unsecured notes on the Dublin Stock Exchange. The offering, which includes USD 5-year fixed and USD long 10-year fixed notes, will have an aggregate nominal amount described as USD Benchmark, with specific offer prices to be confirmed.
The stabilization period, which is governed by EU market abuse regulations, is expected to commence today and may continue until no later than May 23, 2025. During this time, J.P. Morgan, alongside Citi as the Stabilisation Manager, may engage in transactions to support the market price of the securities.
In an effort to maintain market stability, the Stabilising Managers are authorized to over-allot securities up to an amount not exceeding 5% of the aggregate nominal amount of the offering. These potential transactions are aimed at preventing price declines that could otherwise occur in the post-issuance market environment.
Stabilization activities, if they occur, will be conducted over the counter, with the specific trading venue to be confirmed. It is important to note that stabilization actions are not guaranteed and may end at any time within the specified period.
The announcement emphasizes that this information is purely for informational purposes and should not be construed as an offer to underwrite or acquire securities. The offer and related announcements are directed at qualified investors outside the United Kingdom (TADAWUL:4280), as well as certain investors within the UK who have professional investment experience or are high net worth individuals, as defined by local financial promotion regulations.
Additionally, the announcement clarifies that the securities in question have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent an exemption from registration. There will be no public offer of these securities in the United States.
This move by J.P. Morgan Securities plc is based on a press release statement and is in line with standard practices for securities offerings of this nature, designed to ensure orderly market conditions post-launch.
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