The UK-based bank, which earns most of its revenue in Asia, lost $700m alone from its stake in China Bohai Bank

The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance

The bank's China business in particular suffered branch closures amid ongoing virus restrictions, which drove an 18% decline in wealth management income

The bank expects revenue to grow an extra 3% per year as it benefits from rising interest rates as policymakers look to turn off years of cheap funding

Petroineos Trading, an integrated refining and energy trading company, said it completed the deal with Standard Chartered