Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 19-01-2017 | Practice Area: | Debt Capital Markets |
| Deal Title: | Standard Chartered PLC - Issuance of Contingent Convertible Securities | Industry: | Banks |
| Description: |
Slaughter and May, London and Hong Kong, advised Standard Chartered PLC on its issue of USD1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities. The Securities were convertible into ordinary shares of Standard Chartered PLC if at any time Standard Chartered PLC determined that its Common Equity Tier 1 ratio, calculated on a consolidated and fully loaded basis, s less than 7.00 per cent. The Securities were listed on the Main Board of the Hong Kong Stock Exchange.
Standard Chartered Bank acted as structuring adviser and joint lead manager, BNP PARIBAS, BofA Merrill Lynch and Citigroup acted as joint lead managers and ABN AMRO, ANZ, Bank of China, Emirates NBD Capital, National Bank of Abu Dhabi P.J.S.C., Natixis, QNB Capital LLC, Santander, The Bank of East Asia, Ltd. and United Overseas Bank Limited acted as co-managers.
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| Financial Center: | London | Value: | 500.01-1000.00 |
| Advised Party: | Issuer:: | Law Firm | Slaughter and May |
| Issuer Jurisdiction | United Kingdom | Listing Jurisdiction | United Kingdom |
| Classification: |
Capital Securities |
Lawyer | Nilufer von Bismarck |
