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LONDON - JPMorgan SE announced Monday it will serve as stabilization coordinator for OMV Aktiengesellschaft’s upcoming euro-denominated perpetual bond offering, according to a press release statement.
The stabilization period for the securities is expected to begin on June 23, 2025, and end no later than July 23, 2025. During this time, JPMorgan and other appointed stabilization managers may engage in transactions to support the market price of the securities.
The bond will be structured as a perpetual non-call 5.5-year instrument in Reg S bearer format with a Category 2 designation and will be listed on the Luxembourg exchange. The securities will be offered in denominations of €100,000.
The stabilization managers may over-allot securities in an amount not exceeding 5% of the aggregate nominal amount. Other appointed stabilization managers include MUFG, BofA Securities, Erste Bank (VIE:ERST), ING, LBBW, and SMBC.
The announcement specifies that stabilization action may not necessarily occur and, if begun, could cease at any time. Any stabilization activity must end no later than 30 days after the issue date or 60 days after the allotment date, whichever comes first.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States. The offering is directed at qualified investors in accordance with applicable regulations in respective markets.
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