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LONDON - J.P. Morgan Securities Plc announced today that it has not undertaken any stabilization measures for the securities issued by Joint-Stock Company "Uzbekneftegaz". The announcement follows the completion of the post-stabilization period which was initially communicated on April 30, 2025.
The securities in question include USD 850 million in senior unsecured notes, with a five-year fixed term, listed on the London Stock Exchange (LON:LSEG). These notes were offered at par (100.000%) and were not subject to stabilization by the appointed stabilization managers, which, in addition to J.P. Morgan Securities Plc as the coordinator, included Deutsche Bank (ETR:DBKGn), Abu Dhabi Commercial Bank, Standard Chartered (LON:STAN) Bank, and MUFG.
Stabilization activities are typically conducted to support the market price of securities shortly after their launch to prevent or mitigate price volatility. However, in this case, J.P. Morgan Securities Plc has confirmed that such actions were not necessary. The lack of stabilization suggests that the market has responded favorably to the issuance, maintaining stable prices without external intervention.
The announcement is strictly for informational purposes and should not be construed as an offer to buy or sell the securities of Joint-Stock Company "Uzbekneftegaz" in any jurisdiction. The information is based on a press release statement and has been disseminated by RNS, the news service of the London Stock Exchange, which is authorized by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280) as a Primary Information Provider.
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