Stan Chart eyes Sofr development in Reg S market

By Tyler Davies
09 Oct 2020

Standard Chartered this week became the first bank to launch a Sofr-linked deal in the 144A/Reg S dollar market, as it looked to introduce the Libor replacement rate to a more global audience.

The issuer sold two tranches of senior debt from its holding company towards the start of the week. 

It printed a $1bn three year non-call two trade at 117bp over US Treasuries, as well as a $500m three year non-call two floating rate note at 125bp over ...

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