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JP Morgan Sells $3B Notes

JP Morgan Chase has raised $3 billion through a note sale.

JP Morgan Chase has raised $3 billion through a note sale, Reuters reports. The notes, maturing on March 1, 2016, carry a coupon rate of 3.45%.

The notes were sold at a spread of 120 basis points, to yield 3.49%. The sole bookrunning manager on the sale was JP Morgan itself.

Click here for the story from Reuters.

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