JPMorgan eyes $100mn payday on trade linked to Saudi Aramco deal ...Qatar

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JPMorgan & Chase Co is set to earn more than $100mn on a recent trade tied to the sale of a stake in Saudi Aramco’s oil pipelines, a windfall that stands out even in the sprawling interest-rate swap market, people familiar with the matter said. The bank is poised to book gains on a hedging transaction with US investment firm EIG Global Energy Partners LLC, which agreed last month to invest $12.4bn in the pipelines, the people said. JPMorgan advised Aramco on the deal and was one of two banks that helped it arrange a loan of more than $10bn offered to the buyers, the people said. Given the size of the financing, EIG separately entered into a so-called swap deal with JPMorgan to guard agains

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Last updated : 22 May 2021 clock 10:15 PM

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JPMorgan eyes $100mn payday on trade linked to Saudi Aramco deal ...Qatar

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