No stabilisation undertaken for Via Celere’s €320 million notes

Published 25/09/2025, 09:08
© Reuters

MADRID - J.P. Morgan SE announced Thursday that no stabilisation activities were conducted for Via Celere Desarrollos Inmobiliarios S.A.’s recent €320 million senior secured notes offering.

The announcement follows the pre-stabilisation period notice issued on September 24, confirming that stabilisation managers did not intervene in the market to support the price of the securities after their issuance.

The Spanish real estate developer’s notes carry a 5.5% interest rate with a call option after two years (5.5NC2). The securities were priced at 100% of face value and are listed on the Irish Stock Exchange, trading as Euronext Dublin.

J.P. Morgan SE served as the stabilisation coordinator, while Deutsche Bank, BBVA, Santander, Bankinter, and Kutxabank acted as stabilisation managers for the offering.

The notes were issued under Rule 144A and Regulation S formats, making them available to qualified institutional buyers in the United States and investors outside the U.S., respectively.

According to the press release statement, the announcement was made in compliance with the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority.

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