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.

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 Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

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