JPMorgan to offer $1.1 billion of commercial-mortgage backed bonds

09/24/2010 | Bloomberg

JPMorgan Chase & Co. is selling $1.1 billion of bonds backed by commercial mortgages, marking the biggest debt sale of the year so far. The bonds are tied to 30 loans secured by 47 properties and are the seventh sale of newly issued commercial-mortgage backed bonds in 2010. The market for bonds backed by commercial property loans is returning after issuance dropped 95% to $11.2 billion in 2008 from a record $234 billion in 2007.

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