J.P. Morgan to re-open Kangaroo market for US FIs
- Wednesday, 03 March 2010
The long-dormant Kangaroo market for US banks reopened on March 3 as J.P. Morgan Chase (J.P. Morgan) (A+/Aa3/AA-) announced the launch of a five-year "benchmark size" transaction to price the next day. The issuer is offering fixed and floating rate tranches in the self-led deal, at price guidance of 130 basis points over swap and bank bill swap rate (BBSW).
