LONDON - J.P. Morgan SE has announced that AIB Group (OTC:AIBRF) plc's recent securities offering of EUR 700 million was concluded without the need for stabilization actions. The offer, which involved a perpetual, non-call seven-year Fixed Rate Reset AT1 Perpetual Contingent Temporary Write Down Securities, was listed on the Global Exchange Market of Euronext (EPA:ENX) Dublin.
The stabilization period, which is a post-listing process allowing underwriters to buy shares at the offer price to prevent or reduce a decline in the market price, was not utilized by the stabilization managers involved. J.P. Morgan SE served as the stabilization coordinator, with BofA Securities, Goldman Sachs International, Goodbody, Morgan Stanley (NYSE:MS), and UBS Investment Bank acting as stabilization managers.
The securities were offered at 100%, and the lack of stabilization indicates a steady or sufficient demand for the AIB Group plc securities. Stabilization is a regulatory measure under the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority, aimed at supporting the market price of securities in the immediate aftermath of an offering.
This announcement, which is based on a press release statement, serves purely for informational purposes. It does not represent an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The details provided are in compliance with the regulations set forth by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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