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PARIS - J.P. Morgan SE has announced that Kering (EPA:PRTP) SA, the luxury goods company, has completed the sale of EUR 750 million in senior unsecured notes without the need for stabilization measures. The notes, which have a maturity of 4.5 years, were listed on Euronext (EPA:ENX) Paris and were offered at a price of 99.815%.
The sale was coordinated by J.P. Morgan SE, with HSBC and NatWest serving as stabilization managers. However, J.P. Morgan SE confirmed that no stabilization actions were taken post-sale. Stabilization is a set of measures that underwriters can undertake to support the price of a security after its initial offering, but in this case, it was deemed unnecessary.
The completion of this offering without stabilization indicates a stable demand for Kering SA’s debt securities among investors. The offering’s success reflects the market’s confidence in the company’s financial health and its ability to meet its obligations.
The announcement made today is purely for informational purposes and is not an invitation or offer for the underwriting, subscription, acquisition, or disposal of any securities. The information provided is based on a press release statement and does not imply an endorsement of Kering SA’s market position or future prospects.
Kering SA is known for its portfolio of luxury brands, including Gucci, Saint Laurent, and Balenciaga, among others. The issuance of these notes is part of the company’s broader financial strategy to secure long-term funding and optimize its capital structure.
Investors and market watchers will continue to observe Kering SA’s performance in the luxury goods market, particularly in the context of economic trends and consumer spending patterns in the luxury sector.
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