BRUSSELS - J.P. Morgan SE announced today that it has not conducted any stabilisation actions in connection with the Kingdom (TADAWUL:4280) of Belgium's recent EUR 7 billion bond issuance. The 10-year fixed-rate notes, with a coupon of 3.100%, were listed on the Brussels stock exchange.
The stabilisation period followed the initial pre-stabilisation announcement made on Sunday, with J.P. Morgan SE serving as the Stabilisation Coordinator. Other financial institutions involved as Stabilisation Managers included BNP Paribas (OTC:BNPQY) (BNPP), Crédit Agricole CIB (CACIB), HSBC, and Morgan Stanley (NYSE:MS).
Stabilisation measures are typically undertaken to support the market price of securities immediately after their issuance, ensuring that their trading remains relatively stable. However, J.P. Morgan SE has confirmed that such actions were deemed unnecessary for the Belgian sovereign bonds. The offer price for the securities was set at 99.652.
The lack of required stabilisation activity could be indicative of strong market demand and confidence in the Kingdom of Belgium's debt securities. It is also a reflection of the current state of the financial markets, where investors are actively seeking investment opportunities with stable returns.
The announcement is strictly informative and is not an invitation or offer to buy or sell any securities. It is based on a press release statement and is intended to keep market participants informed about the post-stabilisation activities, or lack thereof, related to the bond issuance.
The news service of the London Stock Exchange (LON:LSEG), RNS, provided this information, and it is authorized by the Financial Conduct Authority in the United Kingdom as a Primary Information Provider. Terms and conditions on the use and distribution of this information may apply.
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