Standard Chartered PLC’s US$2 Billion Senior Notes Offering

Slaughter and May advised Standard Chartered PLC on its issuance of U.S.$2,000,000,000 2.819 per cent. Fixed-to-Floating Rate Notes due 2026.

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 14 January 2020, 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., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Standard Chartered Bank and UBS Securities LLC acted as joint lead managers in connection with the issuance.

Slaughter and May team included Oliver Storey (Picture), Kevin Howes (associate), Zahra Haji (associate).

Involved fees earner: Zahra Haji – Slaughter and May; Kevin Howes – Slaughter and May; Oliver Storey – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Standard Chartered;