NEW YORK - J.P. Morgan SE, acting as the Stabilisation Coordinator, has announced the potential stabilisation of USD 1 billion worth of fixed-rate notes issued by Kommuninvest i Sverige Aktiebolag (publ), according to a notice released today. The three-year notes, due on February 9, 2028, are expected to be listed on NASDAQ OMX Stockholm.
The stabilisation period, which can include over-allotment of securities and transactions to support the market price, began today and is anticipated to end by February 16, 2025, at the latest. The Stabilising Managers, alongside J.P. Morgan SE, include Credit Agricole (OTC:CRARY) CIB, SEB, and TD Securities.
Stabilisation measures, which are conducted in accordance with EU market regulations, may result in the over-allotment of securities up to 5% beyond the aggregate nominal amount of the offering. These actions are intended to support the securities' market price during the stabilisation period. However, there is no guarantee that stabilisation will occur, and if initiated, it may be discontinued at any time before the end of the stipulated period.
The announcement clarifies that the securities are not being offered or sold in the United States or to any U.S. persons, in compliance with the regulations. The offer is directed at individuals outside the United Kingdom (TADAWUL:4280) or those within it who have professional investment experience or are high net worth individuals, as defined by local financial promotion rules.
The notice also specifies that the information is for informational purposes only and does not serve as an offer to underwrite, subscribe for, or acquire securities. The stabilisation announcement is based on a press release statement and is intended to inform potential investors and market participants of the stabilisation activities related to Kommuninvest's securities offering.
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