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J. P. Morgan Sells $1B CMBS

JPMorgan Chase & Co. has sold $1 billion in commercial mortgage-backed securities.

JPMorgan Chase & Co. has sold $1 billion in commercial mortgage-backed securities (CMBS), The Wall Street Journal reports. The AAA bonds were issued through a private offering.

The bank had initially found it difficult to find investors for the riskier piece of the issue. It revised yields at least twice for making the privately offered portion attractive to investors.

Click here for the story from The Wall Street Journal.

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