StanChart reopens Reg S route for European bank tier twos
Standard Chartered sang the praises of the Reg S only dollar market this week, after building a chunky order book behind its first tier two in the format in seven years. The deal kick-starts a busy period of capital issuance for the UK bank.
Standard Chartered raised $1bn of 10.25 year non-call 5.25 tier two bonds at 185bp over US Treasuries on Tuesday.
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