New Issue: Standard Chartered prices $1 billion 6.4% 10-year notes at Treasuries plus 180 bps

By Andrea Heisinger

Omaha, Sept. 21 - Standard Chartered Bank priced $1 billion of 6.4% 10-year lower tier two notes on Friday to yield Treasuries plus 180 basis points, an informed source said.

The Rule 144A notes (A3/A) priced at 99.781 to yield 6.43%.

Bookrunners were Goldman, Sachs & Co., J.P. Morgan Securities Inc., UBS Securities LLC and Standard Chartered.

The bank is based in London.

Issuer:	Standard Chartered Bank
Issue:	Lower tier two notes
Amount:	$1 billion
Maturity:	Sept. 26, 2017
Bookrunners:	Goldman, Sachs & Co., J.P. Morgan Securities Inc., UBS Securities LLC, Standard Chartered
Coupon:	6.4%
Price:	99.781
Yield:	6.43%
Spread:	Treasuries plus 180 bps
Call:	Non-callable
Trade date:	Sept. 21
Settlement date:	Sept. 26
Distribution:	Rule 144A
Ratings:	Moody's: A3
	Standard & Poor's: A

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