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Goldman Sachs, J.P. Morgan Sell $2B Debt

U.S. banks Goldman Sachs Group and JPMorgan Chase & Co. have raised more than $2 billion through sale of new long-term debt.

U.S. banks Goldman SachsGroup and JPMorgan Chase & Co. have raised more than $2 billion through sale of new long-term debt, Financial Times reports. Goldman Sachs sold $25 bonds, due in 50 years, at a yield of 6.5 percent.

JPMorgan sold $1.75billion notes, which will mature in 10 years. Goldman also intends to sell its first sukuk bonds through an offering on the Irish Stock Exchange. Sukuk bonds conform to the Islamic usury law.

Click here for the story from Financial Times.

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