By Andrea Heisinger
New York, April 21 - Standard Chartered Bank priced $2 billion 3.85% five-year senior unsecured notes on Wednesday to yield 135 basis points over Treasuries, a market source said.
The non-callable notes (A3/A/A+) sold at 99.941 to yield 3.863%.
The notes were priced via Rule 144A.
Barclays Capital, Credit Agricole Securities, J.P. Morgan Securities and Standard Chartered were the bookrunners.
The bank and financial services company is based in London.
| Issuer: | Standard Chartered Bank
|
| Issue: | Senior unsecured notes
|
| Amount: | $2 billion
|
| Maturity: | April 27, 2015
|
| Bookrunners: | Barclays Capital, Credit Agricole Securities, J.P. Morgan Securities, Standard Chartered
|
| Coupon: | 3.85%
|
| Price: | 99.941
|
| Yield: | 3.863%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | April 21
|
| Settlement date: | April 27
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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