New bond issue: JP Morgan issued international bonds for USD 2,000.0m maturing in 2048 with a 3M LIBOR USD + 1.58% coupon.

February 16, 2017 - Cbonds

 

JP Morgan issued international bonds for USD 2,000.0m maturing in 2048 with a 3M LIBOR USD + 1.58% coupon. Bonds were sold at a price of 100%. Bookrunner: JP Morgan.
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Issuer, issue numberJP Morgan, 4.26% 22feb2048, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 2,000
Amount2,000,000,000
ISINUS46647PAA49
End of placement02/14/2017
Initial issue price100
Coupon4.26% (s/a, 30/360) to 22.02.2017, then 3M LIBOR USD+1.58% (quarterly, act/360)
Coupon frequency2 time(s) per year
Settlement date02/22/2017
Maturity date02/22/2048
Issue ManagersBookrunner: JP Morgan
Cbonds page: JP Morgan
Issuer profile:
As one of the world's premier investment banks, J.P. Morgan serves the needs of our clients by offering a world-class platform coupled with straightforward, intelligent advice. We attribute our long-term success to our commitment of always putting clients' interests first. Whether it's raising capital to meet growth objectives or identifying strategic business partners, J.P. Morgan offers M&A advisory, capital markets, prime brokerage, restructuring, risk and research platform of unrivaled strength and scale.

We were founded more than 200 years ago and have a proud history of, in the words of one of our founders, doing "only first-class business... in a first-class way."

J.P. Morgan serves Emerging Markets clients across origination, derivatives, trading, foreign exchange and research. Our global approach to Emerging Markets provides maximum reach, while a local presence in each market ensures client accessibility. Our focus is on selective, strategic opportunities to participate in developing and fast-growing local markets in Brazil, Colombia, Russia, the Middle East, China and India.

The Emerging Markets Research team analyzes sovereign and credit risk in Latin America, Central and Eastern Europe, Africa, the Middle East and Asia ex-Japan, and makes strategic recommendations for debt issued in both international and local capital markets.

The team also publishes a suite of bond indices, including the J.P. Morgan Emerging Markets Bond Index Global (EMBI Global), which tracks total returns for U.S. dollar denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds. Currently, the EMBI Global covers 188 instruments across 33 countries.
Outstanding issues:
5 issuesRUB1,460,000,000
105 issuesUSD138,320,159,000
21 issuesEUR22,228,300,000
1 issuesCAD700,000,000
2 issuesCHF400,000,000
3 issuesGBP1,180,000,000
4 issuesJPY48,900,000,000
3 issuesSEK3,400,000,000
3 issuesNOK3,000,000,000
2 issuesBRL210,767,000
1 issuesCLP18,000,000,000
1 issuesZAR2,100,000,000
2 issuesTRY450,000,000
8 issuesAUD2,720,000,000
4 issuesHKD1,503,000,000
3 issuesMXN19,400,000,000
1 issuesPEN0
1 issuesINR281,300,000,000
4 issuesIDR3,383,262,000,000
1 issuesNZD500,000,000
1 issuesNGN1,600,000,000
1 issuesSAR555,000,000
Issuer rating:
Moody's Investors ServiceA3/StableLT- foreign currency05/28/2015
S&P Global RatingsA-/StableForeign Currency LT12/02/2015
S&P Global RatingsA-/StableLocal Currency LT12/02/2015
Fitch RatingsA+/StableLT Int. Scale (foreign curr.)12/13/2016
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150 000
issues: local and international bonds
170
countries
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