JP Morgan Chase & Co

By Gerald Hayes
18 Oct 2013

Rating: A2/A/A+

Amount: €1.5bn

Maturity: April 23, 2021

Issue/re-offer price: 99.425

Coupon: 2.625%

Spread at re-offer: mid-swaps plus 87bp

Launched: Wednesday October 16

Payment date: October 23

Sole lead: JP Morgan

Geographical distribution:

France 42%

UK 18%

Germ/Austria 12%

Benelux 11%

Scandinavia 4%

Southern Europe 4%

Swiss 4%

Asia 3%

CEEMEA 2%

Distribution by investor type:

Asset managers 53%

Insurance/pensions 32%

Banks 7%

Private banks 6%

Hedge funds 2%

Market appraisal:

“…very good deal. There was a good new issue premium, I saw it as 10bp at the ...

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