Strong demand sees StanChart upsize Singapore deal

Bank increases five-year issue to S$300 million.

Standard Chartered announced on Friday that the size of its first Sing dollar-denominated bond of 2003 - launched on Monday - was increased from S$200 million $115.3 million to S$300 million, following overwhelming response from investors.

StanChart lead managed the transaction, with by Credit Suisse First Boston, Lehman Brothers, Moscow Narodny Bank and UBS Warburg acting as co-managers.

The coupon of the five-year notes was fixed at 2.35% p.a., payable semi-annually to investors. The bonds...

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