Tuesday, December 24, 2024

StanChart sells $12.6m Bangladesh sovereign debt-tied notes: report

Standard Chartered Plc sold the first-ever structured notes tied to Bangladesh’s sovereign debt, as offerings of securities linked to high-yielding emerging-market debt surge, reports Bloomberg. The lender sold a combined $12.6 million of four-year notes tied to the nation in four offerings on May 30 and June 3, according to data compiled