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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
STANLN
Standard Chartered PLC€1,000
1EMEA
May 20, 2026
currency
EUR
size (m)
1,000.000
maturity
May 28, 2032
type
Fixed Rate Reset
tenor
6.000
call
5.00
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A3
s&p
BBB+
fitch
A
size description
-
re-open/tap
No
ipt
MS+120 area
ipt-pxd
-25
guidance
n/a - straight to launch
spread
95
coupon
3.934%
spread set
-
price
100.00000
yield
3.934%
book size (m)
1,750
peak book (m)
1,900
x-covered
1.75
book attrition
-7.89%
nic
11
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,750
peak book (m)
1,900
x-covered
1.75
book attrition
-7.89%
nic
11
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1750; Redemption: 2031-05-28; Registration: Reg S Only; Comments: +108.4 bps vs OBL 2 ½ 04/16/31 #193 @98.4% / 2.850% HR: 99.6%. Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: U4LOSYZ7YG4W3S5F2G91;
Use of Proceeds
General Corporate Purposes
Relative Value

Senior

6NC5 (May 2032) @ MS+120 area

Implied Spread for fresh 6CN5 year @ +85

Priced at MS +95

NIC of +11


COMPS

Issuer

Size

Coupon

Iss

Call

Maturity

M/S/F

I+

STANLN

1,000

4.196

Feb-24

Mar-31

Mar-32

A3/BBB+/A

82

STANLN

1,000

3.864

Mar-25

Mar-32

Mar-33

A3/BBB+/A

94

STANLN

1,000

3.717

Jan-26

Jan-33

Jan-34

A3/BBB+/A

105