DUBLIN - Ireland, through the National Treasury Management Agency, has initiated the offer of a 30-year fixed-rate bond with an aggregate nominal amount of €3 billion, as announced today. The bond, due on October 18, 2055, will be listed on the Irish Stock Exchange, trading as Euronext (EPA:ENX) Dublin, with the offer price yet to be confirmed.
J.P. Morgan SE has been appointed as the Stabilisation Coordinator and, along with other institutions including Danske Bank (CSE:DANSKE), Deutsche Bank (ETR:DBKGn), Goldman Sachs (NYSE:GS) Bank Europe SE, Goodbody, and HSBC, will serve as the Stabilising Manager(s). These entities may undertake measures to stabilize the price of the newly issued securities starting from today, with the stabilization period expected to end no later than February 16, 2025.
The Stabilising Manager(s) have the option to over-allot the securities by up to 5% of the aggregate nominal amount. This over-allotment is a common practice in securities offerings, allowing managers to stabilize the market price post-issuance. However, there is no guarantee that stabilization activities will occur, and if initiated, they may stop at any time within the stipulated period.
This bond issue and the potential stabilization actions are directed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), with certain restrictions also applying to other jurisdictions. The securities have not been registered under the United States Securities Act of 1933 and, therefore, may not be offered or sold in the United States absent registration or an exemption from registration.
The announcement is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. The information in this article is based on a press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.