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JP Morgan To Offer $2B In Notes

JP Morgan Chase is seeking to raise around $2 billion in a sale of bonds.

JP Morgan Chase is seeking to raise around $2 billion in a sale of bonds, The Wall Street Journal reports. The notes, with an interest rate of 4.25%, are due to mature on Oct. 15, 2020.

Price guidance on the deal is nearly 1.50% points over comparable government debt. JP Morgan itself will be the sole lead book-runner for the deal.

Click here for the story from The Wall Street Journal.

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