LONDON - J.P. Morgan Securities PLC announced Monday that the post-stabilisation period for Export Development Canada's (EDC) recent securities offering has concluded without any stabilisation actions being taken. The offering, which was initially detailed on January 14, 2025, involved the sale of EUR 2.25 billion in fixed-rate notes due January 22, 2030, with a coupon rate of 2.750%.
The notes, which were priced at 99.682, have been listed on the Luxembourg Euro MTF Market. J.P. Morgan Securities PLC served as the Stabilisation Coordinator, with Barclays (LON:BARC), CACIB (B&D), HSBC, and MS acting as Stabilisation Managers.
Stabilisation activities are measures taken by underwriters to support the price of a security after its initial offering. However, in this instance, J.P. Morgan Securities PLC confirmed that no such measures were necessary for EDC's securities.
This securities offering is not accessible for distribution or sale in the United States or to U.S. persons, as the securities have not been registered under the United States Securities Act of 1933. Consequently, the securities may not be offered or sold in the U.S. absent registration or an exemption from registration requirements. There will also not be a public offering of these securities in the United States.
The information regarding this announcement is sourced from a press release statement and is intended for informational purposes only. It does not serve as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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