IBM 7% 2025 Debentures delisted from NYSE under Form 25
International Business Machines Corp. (IBM) had its 7% Debentures due October 30, 2025 removed from listing and registration on the New York Stock Exchange.
Rhea-AI Filing Summary
International Business Machines Corp. (IBM) had its 7% Debentures due October 30, 2025 removed from listing and registration on the New York Stock Exchange. The Exchange filed a Form 25 under Section 12(b) of the Securities Exchange Act to strike this class of securities from the NYSE.
The filing states the Exchange complied with 17 CFR 240.12d2-2(b), and notes issuer compliance with Exchange rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal. This action applies specifically to the 7% Debentures due October 30, 2025.
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Insights
Administrative delisting of a specific IBM debt class.
The NYSE filed Form 25 to remove IBM’s 7% Debentures due October 30, 2025 from listing and registration under Section 12(b). The cited rules (12d2-2(b) and 12d2-2(c)) indicate procedural compliance by the Exchange and acknowledgment of issuer compliance for voluntary withdrawal.
This is a listing-status change for a single debt security, not an operational or earnings event for IBM. Any market impact depends on holder decisions and alternative trading venues, which are not detailed in the excerpt.
FAQ
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What security did IBM (IBM) remove from the NYSE?
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AI-generated analysis. How Rhea-AI works. Not financial advice.