Stan Chart, Sumitomo continue Yankee tier two rush

By Graham Bippart
27 Mar 2014

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, ...

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