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JP Morgan To Sell $1.75B In Debt

JP Morgan Chase is looking to sell $1.75 billion worth of bonds.

JP Morgan Chase is looking to sell$1.75 billion worth of bonds, The Wall Street Journal reports. The securities carry a coupon rate of 5.50% and are scheduled to mature in 2040.

The New York-based lender itself will serve as the sole manager for the transaction. In its previous offering on Oct. 14, 2010, JPMorgan had raised $1.25 billion through a sale of 30-year debt, adds Bloomberg.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Bloomberg.

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