The Wall Street Journal-20080129-New Securities Issues

Return to: The_Wall_Street_Journal-20080129

New Securities Issues

Full Text (162  words)

The following were among recent offerings and pricings in U.S. and non-U.S. capital markets, with terms and syndicate manager, based on information provided by Dow Jones Newswires and Factiva. (A basis point is one-hundredth of a percentage point; 100 basis points equal a percentage point.)

CORPORATE

J.P. Morgan Chase & Co. -- $2 billion reopening of its outstanding 6% bonds was priced through sole lead J.P. Morgan, according to people familiar with the deal. Terms: maturity: January 2018; coupon: 6%; price: 102.245; spread: 185 basis points more than Treasurys; settlement: Feb. 4, 2008; ratings: Aa2 (Moody's Investors Service), double-A (Standard & Poor's Rating Service)

GLOBAL

Japan Housing Finance Agency -- 87.3 billion yen in residential- mortgage-backed securities was priced, lead underwriters said. Terms: maturity: Feb. 10, 2043; coupon: 2.00%; price: 100; yield: 2% (No. 289 JGB plus 56 basis points); payment: Feb. 7; ratings: triple-A (S&P), AAA (Rating & Investment Information); lead managers: Nikko Citigroup Securities, Daiwa Securities SMBC, Mitsubishi UFJ Securities.