By Aleesia Forni
New York, April 7 – Standard Chartered plc priced $1.25 billion of senior notes (A1/BBB+/A+) on Thursday with a spread of Treasuries plus 240 basis points, a market source said.
The notes sold on top of guidance and inside initial talk set in the 250 bps to 262.5 bps over Treasuries range.
Pricing was at 99.723 to yield 4.084%.
The bookrunners were BNP Paribas Securities Corp., Goldman Sachs & Co., J.P. Morgan Securities LLC and Standard Chartered.
The bank and financial services company is based in London.
| Issuer: | Standard Chartered plc
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| Amount: | $1.25 billion
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| Description: | Senior notes
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| Maturity: | April 13, 2026
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| Bookrunners: | BNP Paribas Securities Corp., Goldman Sachs & Co., J.P. Morgan Securities LLCStandard Chartered
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| Coupon: | 4.05%
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| Price: | 99.723
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| Yield: | 4.084%
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| Spread: | Treasuries plus 240 bps
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| Trade date: | April 7
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| Price guidance: | Treasuries plus 240 bps, tightened from Treasuries plus 250 bps to 262.5 bps
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| Ratings: | Moody’s: A1
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| Standard & Poor’s: BBB+
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| Fitch: A+
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| Distribution: | Rule 144A, Regulation S
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