JPMorgan launches $2.5 bln 30-year bond sale-IFR

Fri May 16, 2008 10:39pm IST

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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)

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