JPMorgan Said to Help Sell €200 Million of ECB’s Worldline Bonds

JPMorgan Chase & Co’s high-yield credit trading desk helped arrange the sale of a block of Worldline SA bonds held by the European Central Bank, according to people familiar with the matter.

The French payments company’s debt was sold piecemeal to fund managers in a deal worth as much as €200 million ($236 million) after the US lender spent several days last week helping to put together a large block of the bonds, the people said. It wasn’t immediately clear if other banks were also involved in selling the bonds.

The Financial Times first reported the ECB’s bond sale. ...