LONDON - Morgan Stanley & Co (NYSE:MS). International plc has announced the conclusion of the post-stabilization period related to Nykredit Realkredit A/S's issuance of EUR 500 million in senior non-preferred notes, with no stabilization activities undertaken. The securities, due in 2030 with an ISIN of DK0030523386, were offered at 99.877 percent.
The stabilization period follows an earlier pre-stabilization announcement dated November 13, 2024. Morgan Stanley, acting as the stabilization manager alongside Goldman Sachs International, ING Bank N.V., Natixis, and Nykredit Bank A/S, confirmed that no stabilization measures were performed under the EU Market Abuse Regulation framework.
Stabilization activities are market operations conducted to support the price of a security during its initial offering and aftermarket trading. These activities are typically executed to prevent or reduce short-term volatility in the security's price.
The notes in question represent a significant issuance by Nykredit Realkredit A/S, a leading provider of mortgage credit in Denmark. However, it is important to note that the securities have not been, and will not be, registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. There will also not be a public offer of the securities in the United States.
The information regarding the stabilization and the securities is based on a press release statement. It serves as an informative update for market participants and does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The announcement is strictly for informational purposes and does not imply any endorsement of the securities or their potential performance.
Investors and market watchers will take note of this development as it reflects the current market conditions and the demand for the securities issued by Nykredit Realkredit A/S. The absence of stabilization actions suggests that the market for these notes has been sufficiently stable, negating the need for intervention by the stabilization managers.
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