StanChart long and simple in sterling, dollars

18 Jan 2013

Emerging markets lender Standard Chartered doubled up on long dated issuance this week, printing a 25 year sterling senior unsecured bond the same day as it re-opened a 30 year dollar denominated tier two note.

It sold a £750m 2038 bond on January 14, shortly after adding $250m to a 30 year tier two bond it had sold the previous week.

The sterling deal fitted the bank’s strategy of using simple deals in a range of markets to augment its large deposit base, ...

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