JPMorgan sells US$8bil worth of corporate bonds


The bond sale comes after the bank reported a surprise gain in net interest income for the third quarter. — Bloomberg

NEW YORK: JPMorgan Chase & Co sold US$8bil of US investment-grade corporate bonds on Tuesday after posting earnings last Friday, setting the stage for a potential flood of issuance from top Wall Street banks.

The biggest lender in the United States by assets, sold the bonds in four parts, according to a person with knowledge of the matter.

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