Morgan Stanley ends AIB’s green bond stabilization period

Published 17/04/2025, 11:56
Morgan Stanley ends AIB’s green bond stabilization period

LONDON - Morgan Stanley & Co (NYSE:MS). International plc announced today that they have not undertaken any stabilization actions regarding AIB Group (OTC:AIBRF) plc’s recently issued €500 million Senior Unsecured Green Bonds. The notice follows the completion of the bond’s post-stabilization period, which succeeded the initial pre-stabilization announcement on March 13, 2025.

The securities in question, with the International Securities Identification Number (ISIN) XS3027988933, were offered at 99.330 percent of their nominal value. The stabilization period is a common practice following the issuance of securities, where underwriters can buy and sell the issued security to reduce price volatility.

Morgan Stanley, acting as the Stabilization Manager alongside other financial institutions including BNP PARIBAS, Citigroup (NYSE:C) Global Markets Limited, Goodbody Stockbrokers UC, ING Bank N.V., and NatWest Markets plc, confirmed that no stabilization was deemed necessary for the AIB Group plc bonds.

The announcement also reiterated that the securities have not been 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 not be a public offer of the securities in the United States.

Stabilization activities are regulated under the EU Market Abuse Regulation, which aims to prevent market manipulation and ensure investor protection. The decision not to engage in stabilization reflects the market’s reception of the Green Bonds and the conditions prevailing during the post-stabilization period.

AIB Group’s issuance of Green Bonds is part of a growing trend among financial institutions to support environmentally friendly projects and initiatives. However, the announcement made clear that this information is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.

The information provided in this article is based on a press release statement from Morgan Stanley & Co. International plc, disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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