By Cristal Cody
Eureka Springs, Ark., Aug. 16 – Standard Chartered plc priced $3 billion of notes (A1/BBB+/A+) in three tranches on Tuesday, according to a market source.
Standard Chartered sold $750 million of three-year floating-rate notes at Libor plus 113 basis points.
The company priced $1 billion of 2.1% three-year fixed-rate notes at a spread of Treasuries plus 130 bps.
And a $1.25 billion tranche of 4.3% notes due Feb. 19, 2027 priced at Treasuries plus 280 bps.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Standard Chartered Bank were the lead managers.
Standard Chartered is a London-based banking and financial services company.
| Issuer: | Standard Chartered plc
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Standard Chartered Bank
|
| Trade date: | Aug. 16
|
| Ratings: | Moody’s: A1
|
| S&P: BBB+
|
| Fitch: A+
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Maturity: | Aug. 19, 2019
|
| Coupon: | Libor plus 113 bps
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 29, 2019
|
| Coupon: | 2.1%
|
| Spread: | Treasuries plus 130 bps
|
| Price guidance: | Treasuries plus 135 bps area, plus or minus 5 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Feb. 19, 2027
|
| Coupon: | 4.3%
|
| Spread: | Treasuries plus 280 bps
|
| Price guidance: | Treasuries plus 285 bps area, plus or minus 5 bps
|
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