Redemption of SC PLC USD1bn AT1
Source: RNS
Standard Chartered PLC
1 March 2023
Redemption by Standard Chartered PLC ("SCPLC") of U.S.$1,000,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(ISIN: US853254BH21, USG84228CX43, Issue Date: 18 January 2017, Stock code: 5348) (the "Securities")
SCPLC is giving notice today to the holders of the Securities that it will fully redeem the outstanding Securities on 2 April 2023 (the "Redemption Date") in accordance with the terms and conditions of the Securities (the "Conditions"). The Securities will be redeemed at 100 per cent. of their principal amount together with accrued interest.
Following redemption, the Securities will be cancelled pursuant to the Conditions. Accordingly, SCPLC will make an application to The Stock Exchange of Hong Kong Limited for the withdrawal of the listing of the Securities.
For further information please contact:
Daniel Banks
Managing Director, Global Head, Debt Investor Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 6329
Shaun Gamble
Executive Director, Group Media Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 5934
Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91
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