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NEW YORK - Visa Inc (NYSE:V). has initiated a pre-stabilization period, J.P. Morgan Securities plc, acting as the Stabilisation Coordinator, announced today. The announcement comes as the company prepares to offer a series of senior unsecured notes, with J.P. Morgan Securities plc and other banks potentially engaging in transactions to stabilize the market price of the securities following their issuance.
The securities in question include Euro-denominated fixed-rate senior unsecured notes with maturities of 3, 8, 12, and 19 years, to be listed on the New York Stock Exchange. The aggregate nominal amount of the offer is described as a benchmark size, with the offer price yet to be confirmed.
The stabilization period, which is subject to relevant regulations, is expected to begin today and may continue until no later than May 30, 2025. During this time, the stabilization managers may over-allot the securities by up to 5% of the aggregate nominal amount and engage in transactions to support the market price of the securities at a higher level than might otherwise prevail.
The stabilization managers include J.P. Morgan Securities Plc as the coordinator, with Barclays, BBVA (BME:BBVA), BofA, and Lloyds (LON:LLOY) acting as stabilization managers. The stabilization actions, which could include over-allotting securities or executing transactions over the counter, are not guaranteed to take place and may end at any time within the specified period.
This announcement serves as an informational notice and is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. It targets persons outside the United Kingdom (TADAWUL:4280), as well as certain qualified investors within the UK who have professional experience in investment matters.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered or sold in the United States without registration or an applicable exemption from registration requirements. Consequently, there will be no public offer of these securities in the United States.
This information is based on a press release statement and is intended for investors and market participants interested in Visa Inc.’s financial instruments.
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