Standard Chartered sets talk for four-part senior notes sale; pricing Monday

By Aleesia Forni

Virginia Beach, April 13 – Standard Chartered plc is preparing to price a four-tranche offering of senior notes (A2/A-/AA-) on Monday, according to a market source.

The sale includes a three-year note talked in the range of Treasuries plus 90 basis points to 95 bps, and a three-year floater talked at the Libor equivalent.

There is also a five-year note talked in the Treasuries plus 100 bps area, and a 10-year note talked in the area of Treasuries plus 140 bps.

Standard Chartered, BofA Merrill Lynch, BNP Paribas Securities Corp. and Deutsche Bank Securities Inc. are the joint bookrunners.

The bank and financial services company is based in London.

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