Interactive Brokers shares jump as it secures spot in S&P 500
LONDON - Oncor Electric Delivery Company LLC plans to issue benchmark Euro-denominated 9-year senior secured notes, according to a pre-stabilization notice issued Wednesday.
J.P. Morgan Securities plc will serve as the stabilization coordinator, with Barclays (LON:BARC), BNP Paribas (OTC:BNPQY), and Credit Agricole (OTC:CRARY) CIB acting as stabilization managers for the offering.
The notes will be issued in denominations of EUR 100,000, with the offer price yet to be determined. The securities will be listed on the Dublin Stock Exchange.
The stabilization period is expected to begin June 11, 2025, and end no later than July 11, 2025. During this period, stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price.
The securities will be offered through a 144A/Regulation S format, indicating availability to both U.S. qualified institutional buyers and non-U.S. investors. The notes will not be registered under the U.S. Securities Act of 1933 and will not be offered to the general public in the United States.
The offering is directed at qualified investors in European Economic Area member states and at persons outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional investment experience or are high net worth individuals.
This information was provided in a press release statement from J.P. Morgan Securities plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.