Chase Manhattan Corp Capital Trust VI, established as a subsidiary of JPMorgan Chase & Co. headquartered in New York City, primarily serves the purpose of issuing capital securities for its parent company. This strategic division contributes significantly to the bank's capital structure through innovative financial products designed to attract retail and institutional investors.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| JPM 5.06% 2028-08-01 USDChase Manhattan Corp Capital Trust VI | United States | 2028-08-01 | 5.065 | 4.19 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Chase Manhattan Corp Capital Trust VI has been a key player in the issuance of trust preferred securities, a favored capital-raising tool that allows banks to optimize their capital bases. Notably, their inaugural bond issuance occurred in the early 2000s, with subsequent significant offerings enhancing the bank's ability to absorb losses while supporting growth initiatives. Current yields on their bonds are competitive within the industry, reflecting stable credit ratings and solid financial backing, while unique features such as callable options offer investors flexibility and potential for enhanced returns.