JPMorgan (NYSE:JPM) Prices Japanese Samurai Bonds

On a sale of 76.9 billion yen, JPMorgan (NYSE:JPM) fixed a rate on the five-year bonds of 1.05 percent.

The other 43.2 billion yen of the overall 111.1 billion yen in Samurai bonds offered by JPMorgan will be five-year floating rate bonds with a coupon of 40 basis points.

A Samurai bond is debt denominated in yen which is sold in Japan by foreign borrowers.

An unidentified person close to the situation revealed the terms of the bonds.