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LONDON - The Province of Saskatchewan has completed a €1 billion bond offering without any market stabilisation measures being implemented, according to a statement released Wednesday by J.P. Morgan Securities PLC.
The 10-year fixed-rate euro-denominated notes, due September 24, 2035, carry a 3.25% coupon and were priced at 99.605. The securities will be listed on the London Stock Exchange.
J.P. Morgan Securities PLC served as the stabilisation coordinator for the transaction, with Barclays, Deutsche Bank, RBC Capital Markets, and TD Securities acting as additional stabilisation managers. However, no stabilisation activities were undertaken during the offering period.
Stabilisation is a process where underwriters may intervene in the market to support the price of newly issued securities. The absence of stabilisation suggests the market absorbed the new debt issuance without requiring price support mechanisms.
The Province of Saskatchewan issued the notes through its Saskatchewan Capital Debt Agency (SCDA).
The announcement specified that the securities have not been and will not be registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption.
This information was disclosed in a post-stabilisation announcement published through the Regulatory News Service (RNS) of the London Stock Exchange, following a pre-stabilisation announcement made on September 16, 2025.
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