US buyers give big hug to StanChart, Pru sub

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US buyers give big hug to StanChart, Pru sub

Standard Chartered plc proved that it had put the embarrassment of last year’s spat with US regulators behind it this week, as it placed $2.5bn of tier two paper, mostly with institutional accounts in the country. Meanwhile, Prudential proved its popularity with Asian investors, building a book of around $16bn for its perpetual non-call five trade.

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