JP Morgan seizes ‘supportive market' to raise senior debt

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By David Freitas
14 Feb 2020

JP Morgan was the only financial institution tapping the euro market for senior paper on Friday, looking to make use of the sentiment rebound after some indigestion on Thursday.

The US lender was sole bookrunner for the trade, a euro benchmark senior unsecured bond with an eight year non-call seven maturity on Friday morning.

JP Morgan chose to issue the notes after the market suffered some indigestion on Thursday, hindering financial institutions from seeking funding on that day.

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