Credit Markets

JPMorgan is a global leader in credit markets, which includes: 

Debt Capital Markets & High Grade Origination    
Serving corporate, institutional and government clients, JPMorgan’s presence in the global credit markets is unmatched. The firm combines superior debt origination and structuring expertise with exceptional distribution capabilities to a large base of investors.

The Origination team works directly with issuers, including corporations, banks and sovereign governments that seek funding. JPMorgan advises these clients on debt financing strategies, from a simple bank loan to multi-billion dollar capital raising across asset classes. Colleagues partner across borders to deliver successful structuring, marketing and pricing. The business then distributes that product to investor clients. 

Syndicated and Leveraged Finance
JPMorgan provides leveraged financing to companies to help them achieve objectives such as making an acquisition, effecting a buy-out, repurchasing shares or funding a one-time dividend or investment.  JPMorgan arranges leveraged loans, high-yield or junk bonds and mezzanine debt for clients. 

Structured Credit 
JPMorgan’s Structured Credit team is the area with expertise in credit derivatives, structured products and collateralized debt obligations globally.  Structured credit products are used by clients to achieve many financial objectives, including yield enhancement, credit risk management, capital efficiency and benchmark outperformance.  

CDOs 
Collateralized Debt Obligations (CDOs) are structured fixed income securities with cash flows linked to the performance of debt instruments.  Issuers of CDOs include commercial banks, insurance companies and money managers, who use the products to either gain regulatory capital relief and manage their credit exposure or lock in term funding and incremental fee income.  CDOs are an emerging asset class offering value to investors and are rated by the major rating agencies accordingly. 

Tax-Exempt Capital Markets  
JPMorgan has one of the industry’s leading Tax-Exempt Capital Markets franchises.  The team includes the following groups:

  • Municipal Banking, including public finance activity and credit origination for general governmental, transportation, energy, housing and corporate-backed client sectors.
  • National healthcare, higher education and cultural institutions
  • Municipal Bond Sales, trading, syndicate and research
  • Tax Exempt Derivatives
  • Infrastructure Finance

Read the Statement of Material Auction Practices and Procedures


 

 


Market Leadership

#1 Global Syndicated Loans
#1 Global High Yield Corporate Bonds
#1 Global Long-term Bonds
#1 Global Debt
#1 U.S. Syndicated Loans 
#1 U.S. High Yield Corporate Bonds
#1 U.S. Investment Grade Corporate Bonds
#1 U.S. Debt  
#2 Global Investment Grade Corporate Bonds 
#2 Global Leveraged Loans  

Source: Thomson Financial / Dealogic, 1Q08

Awards

  • #1 in All-Europe Fixed Income Research Survey (Institutional Investor, 2008)
  • #1 in Structured Credit & #1 in Credit Default Swaps (Risk, Interdealer derivative rankings, 2007)
  • #1 in Structured Credit (Risk, Institutional Investor end-user derivative rankings, 2007)
  • #1 in Single Name CDS Overall (Risk, Institutional Investor end-user derivative rankings, 2006 and 2007)
  • Credit Derivatives House of the Year (IFR, 2007)
  • U.S. Leveraged Finance House of the Year (IFR, 2007)
  • Bond Trading House of the Year (The Banker Magazine, 2007)
  • Investment Bank House of the Year for the Americas (The Banker Magazine, 2007)
  • Best Credit Derivatives House for the last twenty years, pioneer and modern great (Risk, 2007)
  • Derivative Research House of the Year (Risk, 2007)
 

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