The UK bank for the first time has offered interest rates-linked structured notes with net proceeds allocated to finance green and social projects.
Available for subscription from the end of February to April, these structured notes raised a total traded notional or assets under management (AuM) of US$350m, according to Nicolas Rigois (pictured) , global head of capital markets products and solutions, wealth management at Standard Chartered Bank (SCB). “Issued and structured by SCB, the notes offered a range of payoffs such as capped-floored floater, step-up and range accrual with tenor ranging between two and five years,” Rigo