Fitch rates Standard Chartered bond AAA(twn)

Fitch Ratings said it assigned an AAA(twn) national long-term rating to Standard Chartered Bank Taiwan Ltd.'s proposed five-year NT$500 million senior unsecured bond.

The bond carries a fixed-coupon rate of 1.451% and matures on June 8, 2016.

This issue is rated at the same level as the bank's national long-term rating of AAA(twn), which has a stable outlook.

The bond issue is aimed at securing more stable and term funding, Fitch said.

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