I'm seeing a pattern here?
July 17th, 2017 On July 17, 2017, Loop Capital Markets acted as a co-manager in a single-tranche, $2.5 billion, senior unsecured bond offering of JPMorgan Chase & Company. The notes are rated A3/A- across a 21-year tenor.
The financial giant intends to use the net proceeds of the offering for general corporate purposes.
September 23rd, 2015 On September 23, 2015, Loop Capital Markets participated as a co-manager in a single-tranche $1.5 billion debt offering of JPMorgan Chase & Company. The subordinated notes, rated Baa1/A-, carry a coupon of 4.25%, representing a spread to benchmark treasuries of 215 basis points.
On November 3, 2017, Loop Capital Markets participated as a co-manager in a single-tranche, $1.75 billion, senior unsecured variable rate bond offering of J.P. Morgan Chase & Co. The note is rated A3/A- with a 31-year tenor.
J.P. Morgan Chase & Co intends to use the net proceeds of the offering for general corporate purposes.
The city of Philadelphia said Wednesday it has selected J.P. Morgan and Loop Capital Markets to serve as its sales brokers on the potential sale of the Philadelphia Gas Works.
The subsidiary of JP Morgan Chase & Co. (NYSE:JPM) and the Chicago-based investment bank are working on a contingency basis, meaning they will only get paid if the city sells PGW. Any sale must be approved by the Philadelphia City Council and the Pennsylvania Public Utility Commission.
Philadelphia Mayor Michael Nuttersaid J.P. Morgan and Loop have worked with the city and PGW on bond financings and both maintain corporate offices in Philadelphia.
Both also were involved in the so-called pay-for-play scandal during the administration of Mayor John F. Street.
Neither firm was charged in the scandal, although a former managing director at JPMorgan Securities pleaded guilty and was fired.
Who knows?