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(Bloomberg) JPMorgan Chase & Co. sold $13 billion of bonds Thursday, the largest deal ever by a bank, taking advantage of some of the cheapest borrowing costs in years to boost its capital after the Federal Reserve let pandemic relief measures lapse.
The deal, which followed the bank’s best quarter ever, hit the market as corporate borrowers continue to see heavy demand for debt that provides a decent premium over Treasuries. Order books grew to about $26 billion, allowing JPMorgan to trim the interest on the debt from the relatively high spreads it initially offered, according to a person with knowledge of the matter.
JPMorgan sells $16.8b in bonds in largest bank deal ever
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By Jack Pitcher and Molly Smith
April 16, 2021 9.25am
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JPMorgan Chase & Co. sold $US13 billion ($16.8 billion) of bonds on Thursday (US time), the largest deal ever by a bank, taking advantage of some of the cheapest borrowing costs in years to boost its capital after the Federal Reserve let pandemic relief measures lapse.
The deal, which followed the bank’s best quarter ever, hit the market as corporate borrowers continue to see heavy demand for debt that provides a decent premium over Treasuries. Order books grew to about $US26 billion, allowing JPMorgan to trim the interest on the debt from the relatively high spreads it initially offered, according to a person with knowledge of the matter.
J.P. Morgan sells $13 billion of bonds in largest-ever bank deal
Bloomberg
Bloomberg
J.P. Morgan Chase sold $13 billion of bonds, the largest deal ever by a bank, taking advantage of some of the cheapest borrowing costs in years to boost its capital after the Federal Reserve let pandemic relief measures lapse.
The deal, which followed the bank s best quarter ever, hit the market as corporate borrowers continue to see heavy demand for debt that provides a decent premium over Treasuries. Order books grew to about $26 billion, allowing J.P. Morgan to trim the interest on the debt from the relatively high spreads it initially offered, according to a person with knowledge of the matter.
US-Bank: JP Morgan gibt wohl Anleihen im Wert von 13 Milliarden Dollar aus wiwo.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiwo.de Daily Mail and Mail on Sunday newspapers.