JPMorgan Plans 10-Year Euro Benchmark Senior Unsecured Bond

Date : 08/17/2012 @ 4:13AM
Source : Dow Jones News
Stock : JP Morgan Chase & Co. (JPM)
Quote : 87.0  -0.61 (-0.70%) @ 7:41PM

JPMorgan Plans 10-Year Euro Benchmark Senior Unsecured Bond

JP Morgan Chase (NYSE:JPM)
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   By Ben Edwards 
 

U.S. bank JPMorgan Chase & Co. (JPM) is planning a benchmark-size, euro-denominated, 10-year senior unsecured bond, a person familiar with the deal said Friday.

Initial price thoughts are in the area of 110 basis points over midswaps.

JPMorgan is the lead manager of the sale.

The issuer is rated A2 by Moody's Investors Service Inc., A by Standard & Poor's Corp. and A+ by Fitch Ratings.

Write to Ben Edwards at ben.edwards@dowjones.com




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