Spain & Portugal
History in Spain & Portugal
J.P. Morgan's presence in Portugal dates back to 1973, while its presence in Spain dates back to 1949, when Chase National Bank made its first loan to Spain, a $25 million credit secured by gold. In 1962, Chase Manhattan Bank opened a representative office — followed by Morgan Guaranty three years later. In 1979, Chase and Morgan opened Madrid branch offices.
In 1987, J.P. Morgan led the first two matador bond issues. Three years later, J.P. Morgan launched a 10 billion pesata bond issue for the Kingdom of Denmark. This was the first time a debt issue was brought to market in Spain for a foreign sovereign government.