StanChart debuts S$ AT1 after consolidation

Standard Chartered raised S$750m ($554m) from a Basel III-compliant additional tier one deal on Tuesday, boosting its capital ratio after a consolidation of its operations in Singapore this year. The bank’s strong Asia links helped it achieve better funding arbitrage compared to some of its European peers.

  • By Addison Gong
  • 26 Jun 2019

The UK-headquartered bank announced initial price guidance for the Singapore dollar denominated perpetual non-call 5.25 year deal — its first AT1 in the currency — at the 5.75% area on Tuesday morning Asia time.

The bond was issued at the holding company level by Standard Chartered PLC. ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 4.57 23 12.72%
2 China Securities Co Ltd 3.53 7 9.82%
3 Morgan Stanley 3.39 11 9.42%
4 CITIC Securities 3.29 11 9.16%
5 Goldman Sachs 1.70 13 4.74%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.00 39 7.60%
2 HSBC 5.95 51 6.46%
3 UBS 4.47 29 4.85%
4 BofA Securities 4.36 17 4.73%
5 JPMorgan 4.28 28 4.65%

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