JPMorgan Raises $10 Billion From High-Grade Bond Sale (1)

JPMorgan Chase & Co. raised $10 billion from an investment-grade bond sale, matching a separate deal on Wednesday from fellow Wall Street firm Morgan Stanley.

The financial heavyweight, which on Tuesday reported a record quarterlytrading haul, has priced an offering in four parts with maturities ranging four to 11 years.

The longest maturity, a bond due in 2037, will yield 0.87 percentage point more than Treasuries, a person familiar with the matter said. Initial price talk was a spread of about 1.1 percentage points, added the person, who asked not to be identified as they’re not authorized to speak ...