Orders for StanChart AT1 bond in excess of US$17bn

August 11, 2016 9:28 AM

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LONDON, Aug 11 (IFR) - Demand for Standard Chartered's Additional Tier 1 bond issue is in excess of US$17bn, according to a lead.

Guidance has been revised to 7.625% area for the perpetual non-call April 2022 trade, moving in from the 8% area initial price thoughts set during the Asian hours.

Also read: ECB’s Mario Draghi Hints at Extension of Bond Purchases

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