ADVFN - Advanced Financial Network.
HOME» NYSE » J » JPM Stock Price » JPM Stock News

Jp Morgan Chase Share News

 Jpmorgan Chase & Co. Stock Price
JPM Stock Price
 Jpmorgan Chase & Co. Stock Chart
JPM Stock Chart
 Jpmorgan Chase & Co. Stock News
JPM Stock News
 Jpmorgan Chase & Co. Company Information
JPM Company Information
 Jpmorgan Chase & Co. Stock Trades
JPM Stock Trades

Iceland's Bond Sale Sees Strong Demand From US Investors

By Sarka Halas Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Iceland saw strong demand from mostly U.S.-based investors for its $1 billion bond in a deal that garnered interest from more than 210 accounts, one of the bankers working on the deal said Friday. U.S.-based investors took 82% of the total, while the U.K. and the rest of Europe took 8% and 7% respectively, said the banker. The remaining 3% was taken by other investors, mostly those based in Asia, the banker added. The offering was more than four times oversubscribed, with the order book reaching more than $4.1 billion. By investor type, fund managers took the majority at 84%, hedge funds 5%, banks 4%, and pension funds and others took 7%, said the banker. The bond is only the second since the government returned to international debt markets last July after a hiatus of more than two years. Iceland was locked out of international markets after it was forced to turn to the International Monetary Fund for a $2.1 billion bailout following the collapse of its major banks as the global credit crunch deepened. In July the government sold $1 billion worth of five-year bonds in an issue that was twice oversubscribed. The banker said that the deal points to a good recovery story and that compared to Latvia, Israel or Turkey, Iceland is flat against the curve. Finance Minister Oddny Haroardottir said in a report Friday that the sale marks another step in Iceland's medium-term debt management strategy where the aim is to secure regular access to the international capital markets. Iceland is rated Baa3 by Moody's Investors Service Inc., BBB- by Standard and Poor's Corp. and BBB- by Fitch Ratings. These levels are the lowest investment grade rating for all three agencies. The 10-year bond priced late Thursday at 407.8 basis points over Treasurys and yielding a 5.875% coupon. Deutsche Bank AG, JPMorgan Chase & Co. and UBS AG were the banks on the deal. -By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com (Art Patnaude in Madrid contributed to this article)

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
07/28/201408:30:12Correction to Greenberg Story on Friday
07/25/201416:05:03Investors Pile Into Treasury Bonds on Growth Concerns -- Update
07/25/201415:05:12Former Bear Stearns Chief Alan 'Ace' Greenberg Dies -- Update
07/25/201414:00:08Former Bear Stearns Chief Greenberg Dies
07/25/201413:58:23Former Bear Stearns Chief Alan 'Ace' Greenberg Dies
07/22/201413:13:16Credit Suisse to Exit Commodities Trading
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/18/201419:06:11J.P. Morgan Debt Indexes Won't Include New Bonds of Russian Companies...
07/17/201421:50:39J.P. Morgan Awards CEO With Stock Options
07/17/201421:07:42J.P. Morgan Gave CEO Dimon Stock Options Valued at About $36...
07/17/201417:30:19J.P. Morgan Gives CEO Dimon Stock Option of 2 Million Shares
07/17/201404:43:08South Korea Sells Shares in Industrial Bank of Korea
07/17/201401:38:29U.S. Government Bonds Have Best Week in Four Months
07/15/201417:09:10MARKET SNAPSHOT: U.S. Stocks Close Lower; Dow Ekes Out A Gain
07/15/201417:07:23MARKET SNAPSHOT: Momentum Plays Pull Down U.S. Stock Market
07/15/201417:03:17J.P. Morgan, Goldman Sachs Beat Expectations
07/15/201417:02:36J.P. Morgan, Goldman Sachs Beat Expectations -- 9th Update
07/15/201416:52:02MARKET SNAPSHOT: U.S. Stocks Swing As Yellen Speaks
07/15/201416:51:17J.P. Morgan Beats Expectations -- 8th Update
07/15/201416:49:26U.S. Hot Stocks: Hot Stocks to Watch

Jp Morgan Chase and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad