How are energy investors positioned?
LONDON - Morgan Stanley & Co (NYSE:MS). International plc has announced the completion of a post-stabilization period linked to the issuance of several senior notes, confirming that no market stabilization activities were undertaken. The notice, dated today, follows the initial pre-stabilization announcement on April 15, 2025, and pertains to three series of notes with varying maturities and an aggregate nominal amount of €4 billion.
The securities in question include €1.5 billion of Euro Floating Rate Senior Registered Notes due in 2028, another €1.5 billion of Euro Fixed/Floating Rate Senior Registered Notes due in 2031, and €1 billion of Euro Fixed/Floating Rate Senior Registered Notes due in 2036. All notes were offered at an issue price of 100.000%.
Morgan Stanley, serving as the Coordinating Stabilization Manager, in conjunction with MUFG Securities EMEA plc, was prepared to engage in stabilization actions to support the market price of the notes if necessary. Stabilization activities are measures taken by underwriters to maintain the market price of a security in the period immediately following its issuance. However, the firm has confirmed that it did not execute any such transactions during the stabilization period.
The issuance and the subsequent stabilization period are subject to the EU Market Abuse Regulation, which aims to increase market integrity and investor protection. This regulation includes rules that govern the conduct of stabilization activities to prevent market manipulation.
This announcement serves purely for informational purposes and does not represent an offer or invitation to purchase or dispose of any securities. The information is based on a press release statement and has been distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), which is authorized by the Financial Conduct Authority in the UK as a Primary Information Provider.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.