New bond issue: Standard Chartered Bank issued international bonds for USD 1,000.0m with a 7.75% until 02.04.2023, then 5Y USD Swap Rate + 5.723% coupon.

January 13, 2017 - Cbonds

 

Standard Chartered Bank issued international bonds for USD 1,000.0m with a 7.75% until 02.04.2023, then 5Y USD Swap Rate + 5.723% coupon. Bonds were sold at a price of 100%. Bookrunner: Bank of America Merrill Lynch, BNP Paribas, Citigroup, Standard Chartered Bank.
Share:
Issuer, issue numberStandard Chartered Bank, 7.75% perp., USD (Conv.)
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount1,000,000,000
ISINUSG84228CX43
End of placement01/11/2017
Initial issue price100
Coupon7.75% until 02.04.2023, then 5Y USD Swap Rate + 5.723%
Coupon frequency2 time(s) per year
Settlement date01/18/2017
Issue ManagersBookrunner: Bank of America Merrill Lynch, BNP Paribas, Citigroup, Standard Chartered Bank
Issuer profile:

Standard Chartered Bank ("Standard Chartered") is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years.

Outstanding issues:
19 issuesUSD14,917,000,000
4 issuesEUR1,946,000,000
1 issuesGBP200,000,000
1 issuesSGD450,000,000
2 issuesHKD635,000,000
4 issuesCNY2,269,000,000
Issuer rating:
Moody's Investors ServiceAa3/NegativeLT- foreign currency03/07/2016
Moody's Investors ServiceAa3/NegativeLT- local currency03/07/2016
S&P Global RatingsA/StableForeign Currency LT11/24/2016
S&P Global RatingsA/StableLocal Currency LT11/24/2016
Fitch RatingsA+/StableLT Int. Scale (foreign curr.)10/14/2016