Standard Chartered Prices $750M 2020 LT2 Bond At 99.485

17th Jun 2010 16:46

LONDON (Dow Jones)--Standard Chartered Bank (SCZ.ZM) has priced its $750 million, 2020-dated lower-tier 2 bond issue through joint-lead managers Credit Suisse, Standard Chartered and Goldman Sachs, one of the banks said Thursday. Terms are as follows: Amount: $750 million Maturity: June 24, 2020 Coupon: 5.875% Reoffer Price: 99.485 Payment Date: June 24, 2010 Spread: 275 basis points over treasuries Debt Ratings: Aa3 (Moody's) A+ (Standard & Poor's) Denominations: $100,000; $1,000 Listing: London Stock Exchange -By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires June 17, 2010 11:46 ET (15:46 GMT)