Stan Chart, Sumitomo continue Yankee tier two rush
Standard Chartered and Sumitomo Mitsui Financial Group attracted huge order books this week as they tapped the dollar tier two market for a combined $3.75bn.
Standard Chartered had set the ball rolling last Friday as it priced a $2bn 5.7% 30 year subordinated trade, the biggest in that tenor by a bank issuer on record, according to a banker on the deal.
Bookrunners Bank of America Merrill Lynch, Goldman Sachs, JP Morgan, ...Already a subscriber? Login