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LONDON - J.P. Morgan SE has announced the initiation of a stabilization period starting today in connection with Volvo Car AB (ST:VOLCARb)’s issuance of a new series of green bonds. As Stabilization Coordinator, J.P. Morgan SE, alongside other stabilizing managers including Goldman Sachs (NYSE:GS) Bank Europe, HSBC, and Morgan Stanley (NYSE:MS), may undertake transactions to support the market price of the securities.
The securities in question are 4-year fixed senior unsecured green bonds, with an aggregate nominal amount described as EUR Benchmark, intended for listing on the Luxembourg Stock Exchange. The offer price is yet to be confirmed, and the bonds are registered under Regulation S, which means they are available to non-U.S. investors.
The stabilization period, which aims to prevent price volatility in the post-issuance secondary market, is scheduled to run from today until no later than July 3, 2025. During this time, the stabilizing managers have the option to over-allot securities up to an amount not exceeding 5% of the total nominal amount offered.
Stabilization activities, if commenced, are designed to ensure liquidity in the market and to maintain a stable price for the securities. However, there is no guarantee that stabilization will occur, and if initiated, it may be discontinued at any time but must conclude within the stipulated period.
This announcement serves as a notice and is not an offer to underwrite or acquire securities. It is directed at professional investors and high net worth individuals in the United Kingdom (TADAWUL:4280), as well as qualified investors in the European Economic Area as per the Prospectus Directive.
The newly issued green bonds by Volvo Car AB are not available for sale in the United States and have not been registered under the U.S. Securities Act of 1933. As such, they cannot be offered or sold within the United States absent an exemption from or registration under the Act.
The information provided is based on a press release statement and is intended for informational purposes only. It does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the issuer in any jurisdiction.
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