• Most Popular
  • Most Shared

StanChart sets guidance on perpetual bond sale-source

Sun Jun 14, 2009 9:13pm EDT

Stocks

   

HONG KONG, June 15 (Reuters) - Standard Chartered (STAN.L) (2888.HK) set guidance for its benchmark sale of perpetual tier 1 bonds at about 9.75 percent, a source familiar with the deal said on Monday.

Stocks  |  Bonds

The debt will be callable after 5-½ years and was rated "Baa1" by Moody's, "BBB-plus" by Standard & Poor's and "A" by Fitch.

Bank of America-Merrill Lynch (BAC.N), Credit Suisse (CSGN.VX), Goldman Sachs (GS.N) and Standard Chartered are the lead managers for the sale.

(Reporting by Rafael Nam; Editing by Chris Lewis)

Stocks
Bonds


More from Reuters

Photo

U.S. FTC sues Intel for abusing market dominance

WASHINGTON (Reuters) - The U.S. government filed suit against Intel Corp on Wednesday, accusing the chip giant of illegally using its market dominance to stifle competition for a decade.

» More Top News
Federal Reserve Chairman Ben Bernanke is pictured at his Senate Banking, Housing and Urban Affairs Committee hearing on his nomination to continue as Chairman of the Board of Governors, on Capitol Hill in Washington, December 3, 2009. REUTERS/Jason Reed

No great expectations

Investors are getting antsy about when the Fed will tighten its purse strings, now that the economy appears to be coming back to life.   Full Article 

ECONOMY
A long-range, improved Sejil 2 missile is test-fired in the desert at an unknown location in Iran in this Iranian military handout distributed by Fars news agency on December 16, 2009.

Iran tests upgraded missile

Hardline rulers send uncompromising signals to foes at home and abroad, testing a missile that could reach Israel and warning of legal action against opposition leaders.  Full Article | Video 

Iran