StanChart debuts $2b bank capital hybrid

The British bank is the latest institution to raise an inaugural additional tier-1 note, obtaining a whopping orderbook size of $22 billion from global accounts.
March 27, 2015

Standard Chartered sold a $2 billion perpetual note that is callable in year five on Friday, replicating a structure already used by HSBC, albeit with some tweaking of the share conversion criteria.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media