By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 6 – Standard Chartered Bank plc priced $2 billion of notes in two tranches on Wednesday, according to a market source.
The company sold $1.25 billion of 2.608% six-year notes at a spread of Treasuries plus 118 basis points.
A $750 million tranche of 1.456% 11-year subordinated tier 2 notes priced with a 190 bps over Treasuries spread.
Price guidance for the 2033 notes was at the Treasuries plus 210 bps area.
Standard Chartered Bank, Goldman Sachs, JPMorgan and Morgan Stanley were the bookrunners.
Standard Chartered is a London-based banking and financial services company.
| Issuer: | Standard Chartered Bank plc
|
| Amount: | $2 billion
|
| Bookrunners: | Standard Chartered Bank, Goldman Sachs, JPMorgan and Morgan Stanley
|
| Trade date: | Jan. 5
|
|
|
| Six-year notes
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Maturity: | Jan. 12, 2028
|
| Coupon: | 2.608%
|
| Spread: | Treasuries plus 118 bps
|
|
|
| 11-year notes
|
| Amount: | $750 million
|
| Issue: | Subordinated tier 2 notes
|
| Maturity: | Jan. 12, 2033
|
| Coupon: | 1.456%
|
| Spread: | Treasuries plus 190 bps
|
| Price guidance: | Treasuries plus 210 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
