Practice Areas - Debt Capital Markets Law Firms and Lawyers
Deal Date: | 30-03-2015 | Practice Area: | Debt Capital Markets |
Deal Title: | Standard Chartered Contingent Convertible Securities | Industry: | Banks |
Description: |
Slaughter and May, London and Hong Kong, advised Standard Chartered PLC on its issue of USD2 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities. The Securities are convertible into ordinary shares of Standard Chartered PLC if at any time Standard Chartered PLC determines that its Common Equity Tier 1 ratio, calculated on a consolidated and fully loaded basis, is less than 7%. The Securities are listed on the Main Board of the Hong Kong Stock Exchange.
Barclays and Standard Chartered Bank acted as structuring advisers and joint lead managers and BofAML Merrill Lynch, Goldman, Sachs and Co, J.P. Morgan and UBS Investment Bank acted as joint lead managers.
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Financial Center: | London | Value: | 1000.01-5000.00 |
Advised Party: | Issuer:: | Law Firm | Slaughter and May |
Issuer Jurisdiction | United Kingdom | Listing Jurisdiction | United Kingdom |
Classification: |
Capital Securities Additional Tier 1 Conversion Loss Absorption |
Lawyer | Nilufer von Bismarck |