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OSLO - Public Property Invest ASA has completed the issuance of €350 million in long 7-year fixed senior unsecured notes, with J.P. Morgan SE announcing that no stabilisation was undertaken during the offering period.
According to a statement released Thursday by J.P. Morgan SE, which served as stabilisation coordinator, no market stabilisation activities were conducted for the securities. The announcement follows a pre-stabilisation notice issued on June 18.
The notes were priced at 99.065% and will be listed on the Dublin stock exchange. The offering was structured as RegS Bearer notes without a guarantor.
J.P. Morgan SE coordinated the stabilisation effort, with Goldman Sachs, DNB Bank ASA, and Nordea serving as stabilisation managers, though ultimately no stabilisation measures were implemented.
Stabilisation typically involves transactions that support the market price of securities during the initial offering period, helping to prevent price declines below the issue price.
The announcement confirms that no such intervention was necessary in this case, suggesting the notes achieved adequate market support at the offering price without additional measures.
The information was disclosed in a regulatory announcement to the London Stock Exchange (LON:LSEG), based on a press release statement from J.P. Morgan SE.
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