Standard Chartered successfully issues three tranche $2.5bn bond

Standard Chartered has raised $2.5bn through a three tranche USD Senior Bond issue. The $500m three-year floating rate tranche, $1.0bn three-year fixed rate tranche and $1.0bn five-year tranche were priced at Libor+34bps, UST+55bps and UST+75bps respectively.

The total order book was over $4.5bn, with more than 150 investors participating. High quality demand came from US fund managers and corporates supported by Asian and European investors, further demonstrating the strength of the Group’s franchise amongst investors.

The issue represents the Group’s first three tranche USD Senior issuance and the first 144a USD Senior debt issuance since May 2011.

Rupert Mingay, Group Treasurer, Standard Chartered, said: “This transaction further strengthens our ability to support our existing customers and clients by deploying our balance sheet strength. We remain committed to actively deploying our capital in support of our customers.”

For further information please contact:

Simon Kutner
Head of External Communications, Financial & Corporate
Standard Chartered Bank
+44 207 885 8696
simon.kutner@sc.com