JPM doubles tap of Ping An-linked EB to $100m
JP Morgan doubled a tap of its exchangeable bond (EB) linked to shares of Ping An Insurance (Group) Company of China, raising $100m on Monday.
The US bank sold a well-received $350m 2.5 year bullet in July through its own
equity linked syndicate team as the sole bookrunner. The rare cash settled deal was designed to let bank issuers raise funds