LONDON - J.P. Morgan Securities PLC has announced its role as the Stabilisation Coordinator for Bapco Energies Sukuk Limited's recent securities offering. The firm disclosed on Thursday that it, along with several other financial institutions, may engage in stabilization activities for a 10-year senior unsecured Ijara/Murabaha Sukuk note issuance, which is to be listed on Euronext (EPA:ENX) Dublin.
The offering involves an unspecified benchmark amount in U.S. dollars, with the offer price yet to be confirmed. The stabilization period commenced today and is expected to continue until no later than February 16, 2025. During this time, the Stabilisation Managers have the discretion to over-allot securities up to 5% beyond the aggregate nominal amount, aiming to support the market price of the securities.
The stabilization measures, which are subject to relevant regulations, may include transactions to maintain pricing levels above those that might prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it can end at any time within the stipulated period.
The Stabilisation Managers listed alongside J.P. Morgan Securities PLC include ASB Capital, Citi, Dubai Islamic Bank, GIB Capital, HSBC, KFH Capital, Mashreq, National Bank of Bahrain, and Standard Chartered (OTC:SCBFF) Bank. They may conduct over-the-counter transactions if necessary to achieve stabilization objectives.
This announcement serves as a notice and does not constitute an offer to underwrite or subscribe for securities. It is specifically directed at individuals outside the United Kingdom (TADAWUL:4280) or those within it who have professional investment experience or are high net worth entities.
Furthermore, the securities in question have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold within the United States absent an exemption from registration. There will be no public offering of these securities in the U.S.
The information released is based on a press release statement and is intended for informational purposes only.
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