Standard Chartered planning roadshow Additional Tier 1 bond
LONDON, March 24 (IFR) - Standard Chartered (HKSE: 2888.HK - news) is planning roadshow meetings for a US dollar Additional Tier 1 bond from Tuesday March 24 until Thursday March 26.
Standard Chartered Bank and Barclays (LSE: BARC.L - news) are structuring advisers and joint lead managers, while Bank of America Merrill Lynch, Goldman Sachs (NYSE: GS-PB - news) , JP Morgan and UBS (NYSEArca: FBGX - news) are joint leads.
The Additional Tier 1 deal's documentation is RegS/144A, with a 7% CET1 trigger equity conversion. (Reporting by Alex Chambers, editing by; Julian Baker)