ION expands ETF trading capabilities with Tradeweb integration
LONDON - Morgan Stanley & Co. International PLC announced Monday it has commenced a pre-stabilisation period for Peoplecert Wisdom Issuer plc’s €300,000 Senior Secured Notes due 2031.
As the Coordinating Stabilisation Manager, Morgan Stanley may stabilise the securities offering to support market prices at levels higher than might otherwise prevail, according to a press release statement.
The stabilisation period is expected to begin December 1, 2025, and end by January 16, 2026, which is 30 days after the proposed issue date of the securities.
The notes will be guaranteed by multiple entities including Peoplecert Wisdom Limited, Axelos Limited, PeopleCert UK Ltd, and City & Guilds Limited, among others.
Trading venues for the stabilisation activities include Euronext Dublin, over-the-counter markets, and other trading platforms.
The stabilisation manager may over-allot securities to the extent permitted by applicable law, though the company noted that stabilisation actions may not necessarily occur and could cease at any time.
The offering price of the notes has not yet been confirmed. Any stabilisation action will be conducted in accordance with applicable laws and rules.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.