Stan Chart lands first euro capital trade in six years

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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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