Standard Chartered has taken on $1.68 billion in assets from one of its structured investment vehicles, reports Reuters. The company took a “vertical” slice from its Whistlejacket SIV in exchange for $140 million worth of capital notes. The notes accounted for about half of the bank’s capital note holdings and it is very likely that the rest of the bank’s capital notes in the SIV will be retired by the end of the year, according to Richard Meddings, group finance director.Click here to read the story from Reuters
Promoted By CGIF
Promoted By Euromoney Country Risk
Read the magazine on your mobile device
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||4,755||19||11.75|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Bank of America Merrill Lynch||57,210.26||177||12.39%|
|3||Wells Fargo Securities||47,551.45||149||10.30%|