Published: November 14, 2014
UPDATE: Bank attracts more than €1bn in orders for tier 2 issuance.
Standard Chartered has raised €500mn (US$626mn) with a subordinated tier 2 issuance.
Initial pricing thoughts for the deal were mid-swaps plus 225 basis points, tightened to 220basis points during book building. The bond attracted more than €1bn in orders.
Bank of America Merrill Lynch, BNP Paribas, Credit Suisse, Societe Generale and Standard Chartered itself ran the deal.