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COPENHAGEN - J.P. Morgan SE announced Friday that no stabilization was undertaken for Sydbank A/S’s €500 million green bond offering, according to a post-stabilization notice.
The Danish bank’s long 4-year non-preferred senior green bond, which is callable after 3 years, was priced at 99.911% of face value. The securities will be listed on Euronext Dublin.
J.P. Morgan SE served as the stabilization coordinator for the offering, with BNP Paribas, Nordea, Swedbank, and SEB acting as stabilization managers.
The announcement follows a pre-stabilization notice issued on Thursday. Stabilization refers to the practice where underwriters may intervene in the market to support the price of newly issued securities.
The bond was issued under Regulation S format, meaning it was not registered for sale in the United States.
This information was disclosed in a regulatory announcement published by the London Stock Exchange’s news service.
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