StanChart success but tier twos will stay scarce

19 Jan 2012

Standard Chartered’s $1bn tier two issue has been hailed as a success by market participants, but they say regulatory dynamics mean that further similar supply will be light.

The UK bank raised $2.8bn of demand from 211 accounts for the first tier two bond sale from its plc issuing entity.

Bankers away from the deal commended the borrower for finding strong demand without being too generous. They said that while the dollar market offered better pricing ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial