LONDON - J.P. Morgan S.E has announced, in its role as Stabilisation Coordinator, that it may engage in stabilizing activities for Jyske Bank A/S's newly issued Eurobond. This potential market intervention follows the guidelines of the Market Abuse Regulation (EU/596/2016) and is aimed at supporting the market price of the securities post-launch.
The securities in question are a EUR 6.25NC5.25 Reg S Eurobond, with an aggregate nominal amount described as a EUR benchmark. These notes are expected to be listed on Euronext (EPA:ENX) Dublin and in Denmark, although the offer price is yet to be confirmed.
The stabilization period commenced today and is anticipated to last no longer than 20th February 2025. During this time, the Stabilisation Manager(s) have the authority to over-allot the securities by up to 5% of the aggregate nominal amount. Stabilization, if it occurs, is intended to maintain the market price of the securities, but there is no guarantee that it will take place, and it may end at any time within the specified period.
The Stabilisation Managers named alongside J.P. Morgan S.E include Danske Bank (CSE:DANSKE), Goldman Sachs International, ING, and Jyske Bank itself. The trading of these securities will take place over the counter, with the specifics to be confirmed.
This announcement serves purely as a notice and does not represent an offer to underwrite or acquire securities. It is directed at professional investors in the United Kingdom (TADAWUL:4280) and qualified investors within the European Economic Area as defined by the Prospectus Directive.
The securities have not been registered under the United States Securities Act of 1933 and, therefore, cannot be offered or sold within the United States without an exemption from registration. There will be no public offer of these securities in the United States.
This information is based on a press release statement and is intended for informational purposes only, providing a factual report on Jyske Bank A/S's Eurobond issuance and potential market stabilization activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.