Bank of America to set record for largest bank bond sale at$ 15 Billion in profits.
JPMorgan Chase Co. is poised to sell$ 15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival Bank of America Corp. sold what was then the biggest such offering, according to data compiled by Bloomberg.
According to a person with knowledge of the matter, investors have poured roughly$ 25 billion of orders into the deal, which will help BofA borrow at cheaper rates than it initially offered. On Thursday, JPMorgan raised$ 13 billion; Read more: Big banks break bond market record as they bail out of their bonds.
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