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Standard Chrtrd PLC - Redemption of AT1 Securities

RNS Number : 7678B
Standard Chartered PLC
03 February 2020
 

Standard Chartered PLC

3 February 2020

Redemption by Standard Chartered PLC ("SCPLC") of U.S.$2,000,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(ISIN: US853254AT77, USG84228CE61) (the "Securities")

 

SCPLC is giving notice today to the holders of the Securities that it will fully redeem the outstanding Securities on 2 April 2020 (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, the listing of the Securities on The Stock Exchange of Hong Kong Limited will be cancelled shortly after the Redemption Date.

For further information please contact:

Daniel Banks
Managing Director, Global Head, Debt Investor Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 6329

Jon Tracey
Global Head, Communications
1 Basinghall Avenue
London
EC2V 5DD
020 7885 7613

Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91

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Quick facts: Standard Chartered PLC

Price: 430.8

Market: LSE
Market Cap: £13.6 billion
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