By Aleesia Forni
New York, Jan. 12 – Standard Chartered plc sold $1 billion of 3.05% five-year senior notes (Aa3/A-/A+) on Tuesday at Treasuries plus 158 basis points, according to a market source.
The notes sold at the tight end of guidance set in the 160 bps area over Treasuries, which had firmed from talk in the Treasuries plus 162.5 bps area.
Pricing was at 99.798 to yield 3.094%.
Standard Chartered, BofA Merrill Lynch, Credit Suisse and J.P. Morgan Securities LLC are the joint bookrunners for the Rule 144A and Regulation S sale.
The bank and financial services company is based in London.
| Issuer: | Standard Chartered plc
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Maturity: | Jan. 15, 2021
|
| Bookrunners: | Standard Chartered, BofA Merrill Lynch, Credit Suisse, J.P. Morgan Securities LLC
|
| Coupon: | 3.05%
|
| Price: | 99.798
|
| Yield: | 3.094%
|
| Spread: | Treasuries plus 158 bps
|
| Trade date: | Jan. 12
|
| Settlement date: | Jan. 15
|
| Ratings: | Moody’s: Aa3
|
| Standard & Poor’s: A-
|
| Fitch: A+
|
| Distribution: | Rule 144A, Regulation S
|
| Price guidance: | Treasuries plus 160 bps area, tightened from Treasuries plus 162.5 bps area
|
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