JP Morgan (NYSE:JPM) Sells Kangaroo Bonds For First Time Since Lehman Collapse

JP Morgan Chase (NYSE:JPM) raised A$1 billion ($901 million) in Australia, making it the first Wall Street firm to sell "Kangaroo" bonds since Lehman Brothers collapsed in 2008, according to a Bloomberg report.

The bank sold A$700 million in 6.75%, five-year bonds and A$300 million in similar-maturity floating-rate notes, according to a person familiar with the matter.