Standard Chartered PLC’s U.S.$1.25 Billion Notes Offer

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Standard Chartered with a team including Caroline Phillips (Picture – Debt Capital Markets), Dominic Robertson (Tax Finance).

Standard Chartered PLC issued U.S.$1,250,000,000 2.678 per cent. Fixed Rate Reset Notes due 2032 (the “Notes”). The Notes were issued under the U.S.$77,500,000,000 Debt Issuance Programme established by Standard Chartered PLC and Standard Chartered Bank.

The Notes, which were issued on 29 June 2021, have been assigned a rating of A2 by Moody’s, BBB+ by S&P, and A by Fitch. The Notes have been admitted to the Official List of the FCA and to trading on the regulated market of the London Stock Exchange.

BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Standard Chartered Bank acted as joint lead managers in connection with the issuance.

Slaughter and May’s team included Caroline Phillips (Picture), Partner, Liam Reynolds, Associate, Peaches Stanforth, Associate, Dominic Robertson, Partner and Stephen Elhabbal, Associate.

Involved fees earner: Stephen Elhabbal – Slaughter and May; Caroline Phillips – Slaughter and May; Liam Reynolds – Slaughter and May; Dominic Robertson – Slaughter and May; Peaches Stanforth – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Standard Chartered;

Author: Giulia Di Palma