LONDON - J.P. Morgan Securities PLC has announced that it did not undertake stabilization actions for the recently issued EUR 2 billion bond by JPMorgan Chase & Co. (NYSE:JPM) The notice, released Monday, followed a pre-stabilization period announcement made on January 17, 2025.
The securities in question are senior unsecured bonds, with a dual fixed to floating rate structure, set to mature in 11 years with a call option after 10 years. These bonds have been listed on the Euronext (EPA:ENX) Dublin Regulated Market and were offered at 100.00%.
Stabilization measures are typically conducted by underwriters to support the secondary market price of a new security after its initial offering. However, J.P. Morgan Securities PLC, acting as the stabilization coordinator, has confirmed that such measures were not necessary for this bond issue.
The absence of stabilization activities could suggest that the market demand for these securities was sufficient to maintain their price without the need for underwriters to intervene. This could be an indicator of investor confidence in JPMorgan Chase & Co.'s creditworthiness and the overall appetite for investment-grade corporate debt.
This announcement is purely informational and does not represent an offer or invitation to underwrite or acquire securities in any jurisdiction. The information is based on a press release statement and is intended to comply with Market Abuse Regulation and Financial Conduct Authority rules.
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