JPMorgan Chase & Co. completed its first bond issuance of the year, selling $6 billion in investment-grade notes. This offering followed the release of the bank's fourth-quarter 2025 financial results.
The debt was structured in three parts. The notes feature maturities ranging from six to eleven years.
The largest single component was a $3 billion note. This note matures in 2037 and will pay 0.76 percentage points above comparable Treasuries.
Analysts expect this sale to launch a busy month for debt issuance across major Wall Street banks. The move follows a record year in 2025 for capital returns to shareholders by the largest U.S. banks, with JPMorgan leading the industry in stock repurchases during that period.