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JPMorgan Launches 5yr AUD Benchmark Bond

By: Kanish Chugh | posted March 3rd, 2010 11:54

JPMorgan Chase & Co. has launched a benchmark sized 5 year Australian dollar bond.

The transaction will offer both fixed and floating rate tranches with price guidance as follows:

• Swap +130bps (sa/qrt)
• 3month BBSW +130bps

Pricing is expected on Thursday, 4 March 2010.

The sole lead manager for the deal is JP Morgan Australia, with co-managers ANZ, CBA, NAB and Westpac.

JP Morgan Chase & Co. has an issuer rating of A+ (S&P), Aa3 (Moody’s) and AA- (Fitch).

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