By Marisa Wong and Cristal Cody
Los Angeles, Nov. 17 – Standard Chartered plc priced $1.5 billion of notes due Nov. 23, 2025 in two tranches on Tuesday, according to a market source.
Standard Chartered priced $500 million of floating-rate notes at SOFR plus 93 basis points and $1 billion of 1.822% notes at Treasuries plus 95 bps.
Price guidance for the fixed-rate notes was in the Treasuries plus 110 bps to 115 bps area, as previously reported.
BofA, Citigroup, JPMorgan, Nomura and Standard Chartered Bank are bookrunners of the deal.
The international banking and financial services company is based in London.
| Issuer: | Standard Chartered plc
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| Amount: | $1.5 billion
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| Description: | Notes
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| Maturity: | Nov. 23, 2025
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| Bookrunners: | BofA, Citigroup, JPMorgan, Nomura and Standard Chartered Bank
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| Pricing date: | Nov. 16
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| Floating-rate notes
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| Amount: | $500 million
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| Coupon: | SOFR plus 93 bps
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|
|
| Fixed-rate notes
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| Amount: | $1 billion
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| Coupon: | 1.822%
|
| Spread: | Treasuries plus 95 bps
|
| Price guidance: | Treasuries plus 110 bps to 115 bps area
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