LONDON – JP Morgan SE has announced the end of the post-stabilization period for the recent securities offering by Kommuninvest and Sverige Aktiebolag (publ). In a statement issued on Monday, the investment bank confirmed that no stabilization activities have been carried out for the US$1 billion fixed rate notes due February 9, 2028, with a coupon of 4.375%.
The securities, guaranteed by the regions and municipalities of Sweden, are listed on NASDAQ OMX Stockholm. The offered price was 99,750. JP Morgan SE served as stabilization coordinator and Credit Agricole (OTC:) CIB, SEB and TD Securities (B&D) acted as stabilization managers.
Stabilization measures are usually taken to support the market price of a security during the period immediately following its issuance. However, in this case, JP Morgan SE indicated that such actions were not considered necessary.
This publication, intended for informational purposes, does not serve as an invitation or offer to take over, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. The above details are based on the press release.
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