Stan Chart lands first euro capital trade in six years

By Tyler Davies
04 Jun 2020

Standard Chartered sold its first capital instrument in euros since 2014 this week, clocking up a considerable 40bp saving versus the dollar market. The deal adds to a recent flurry of tier two supply from European banks.

The UK issuer priced €1bn of 10.25 year non-call five tier twos at 280bp over mid-swaps on Tuesday.

Lead managers Barclays, BNP Paribas, ING and Standard Chartered had been able to bring the pricing in from initial thoughts of 320bp area, on the back of €5bn of ...

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