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JP Morgan Announces Potential Market Stabilization for CADES Securities By Investing.com

LONDON – JP Morgan SE, acting as stabilization coordinator, has informed the market that, together with other stabilization managers, it may engage in transactions to stabilize the price of newly issued fixed rate bonds by CADES (Caisse d’Amortissement de la Dette Social). Stabilization activities, if they begin, are expected to begin today and last until February 14, 2025.

CADES has issued $2 billion in 5-year fixed-rate USD notes maturing on January 22, 2030, with the coupon rate to be confirmed. The notes, which come in denominations of $200,000 in $1,000 increments, are listed on Euronext-Paris.

Stabilization actions may include excessive allocation of securities, which does not exceed 5% of the total nominal amount, and transactions aimed at supporting the market price of securities. These activities are aimed at maintaining the market price of securities at a level higher than that which would normally prevail in the open market. However, there is no guarantee that stabilization will occur, and if initiated, it may be terminated at any time, but must end by 30 days after the issue date or 60 days after the grant date, whichever is earlier.

The announcement states that the stabilization will be carried out in accordance with all applicable regulations, including the Market Abuse Regulation (EU/596/2016) and Commission Delegated Regulation EU/xxx/2016.

The offering and sale of securities is directed to persons with professional investment experience and high net worth individuals in the United States. Kingdom (TADAWUL:), and with qualified investors in the European Economic Area as defined by the Prospectus Directive.

This information, based on a public statement, is for informational purposes only and does not constitute an offer to take, subscribe for or acquire securities in any jurisdiction. The London Stock Exchange (LON: ) news service RNS, approved by the Financial Conduct Authority in the United Kingdom, distributed the announcement. Terms and conditions regarding the distribution of this information may apply.

This article was generated with the support of artificial intelligence and reviewed by an editor. See our T&C for more information.





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