JPMorgan Chase to Sell $2 Billion Qualtrics Debt at Discount

JPMorgan Chase & Co. and a group of other banks are preparing to sell approximately $2 billion of debt for software firm Qualtrics International Inc. at a significant discount. The move comes after underwriters remained stuck holding a portion of the company's total $5 billion debt load.

Bankers have scheduled meetings with investors this week to negotiate the sale within the high-yield bond market. Initial indications suggest the debt will be marketed with a coupon of at least 8% and a discounted price of roughly 85 cents on the dollar.