Standard Chartered plans new fixed-rate notes and subordinated notes

By Cristal Cody

Chicago, Jan. 5 – Standard Chartered plc has proposed the sale of two series of notes, announced to the Wednesday market, according to a market source.

The company is offering fixed-rate bonds due Jan. 12, 2028 with talk in the Treasuries plus 140 basis points area. The notes will have five years of call protection.

Secondly, Standard Chartered is planning to sell subordinated notes due Jan. 12, 2033. Talk on the subordinated notes is in the Treasuries plus 210 bps area, and the notes will come with 10 years of call protection.

Standard Chartered Bank, Goldman Sachs, JPMorgan and Morgan Stanley are listed as bookrunners.

Standard Chartered is a London-based banking and financial services company with a focus on Asia, Africa and the Middle East.

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