JPMorgan Launches $2.5 Billion Bond Sale

NEW YORK, May 16 (Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) on Friday launched a $2.5 billion 30-year debt sale, according to International Financing Review.

The bonds are expected to price at around 195 basis points over comparable U.S. Treasuries, said IFR, a Thomson Reuters publication. JPMorgan is the sole bookrunner on the deal.

(Reporting by Karen Brettell; Editing by Chizu Nomiyama)