HG bonds: Standard Chartered returns with 2025 notes in 2 parts; terms

Standard Chartered PLC today completed a $1.5 billion, two-part offering of four-year (non-call three) notes due Nov. 23, 2025, across a $500 million floating-rate tranche at Sofr+93 and 1.822% of fixed-rate reset notes at T+95.

Standard Chartered last tapped the U.S. bond market in June when it placed a $1.25 billion offering of 2.678% 11-year (non-call 10) fixed-rate reset senior notes at T+120.

The U.K. bank on March 16 completed a $500 million offering of par-priced 1.214% four-year (non-call three) sustainability notes due March 23, 2025, at T+88. In January, it placed a $3 billion, two-part senior offering across $1.5 billion each of 0.991% four-year (non-call three) notes due Jan. 12, 2025, at T+78 and 1.456% six-year (non-call five) notes due Jan. 14, 2027, at T+100.

Terms: