JP Morgan backs onto Sofr in big week for prefs

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

JP Morgan backs onto Sofr in big week for prefs

JP_Morgan_Alamy_230x150_250719
PTXAY9 Skyscraper building of JP Morgan in Hong Kong | Alamy Stock Photo

JP Morgan became the first US bank to issue a preferred bond linked at the back-end to the secured overnight financing rate (Sofr), amid a torrent of bank supply in dollars this week.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article