Morrisons announces potential bond issuance with stabilization period

Published 10/07/2025, 11:26
© Reuters

LONDON - Market Bidco Finco PLC, associated with Morrisons, announced Thursday that it may begin a stabilization period for a potential bond offering. According to a pre-stabilization notice, the stabilization period is expected to start on July 10, 2025, and end no later than August 15, 2025.

The potential securities offering includes both euro and British pound denominated bonds with a 5.5-year maturity. The exact aggregate nominal amounts and offer prices have not yet been finalized.

BNP Paribas (OTC:BNPQY) will act as the Stabilization Coordinator, with BNP Paribas serving as joint global coordinator and bookrunner for the pound sterling tranche, while Goldman Sachs will serve as joint global coordinator and bookrunner for the euro tranche.

Additional bookrunners for the offering include Bank of America Securities, Mizuho (NYSE:MFG), Rabobank, NatWest, Lloyds (LON:LLOY), HSBC, Société Générale (EPA:SOGN), Santander (BME:SAN), RBC, ING, Deutsche Bank (ETR:DBKGn), MUFG, and SMBC.

The stabilization managers may over-allot securities or conduct transactions to support the market price of the securities during the stabilization period at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.

The notice states that any stabilization action will be conducted in accordance with applicable laws and rules, and the securities have not been registered under the United States Securities Act of 1933.

This information is based on a pre-stabilization period announcement issued by BNP Paribas.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.