JP Morgan tests appetite for US debt

March 25, 2009 12:00 am

JP Morgan is venturing overseas to test European investor appetite for US credits this week. The issuer is in the process of marketing a five year at the holding company level at 350bp area over mid-swaps, which is around 20bp back of cash secondaries. Pricing is expected on Wednesday and to find out if the issuer finds good demand for its deal, read EuroWeek this week.

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