Redemption of SC PLC USD2bn AT1

RNS Number : 2433D

Standard Chartered PLC

01 March 2022

 

Standard Chartered PLC

1 March 2022

Redemption by Standard Chartered PLC ("SCPLC") of U.S.$2,000,000,000 Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
(ISIN: US853254BA77, USG84228CQ91, Issue Date: 18 August 2016, Stock code: 04305) (the "Securities")

SCPLC is giving notice today to the holders of the Securities that it will fully redeem the outstanding Securities on 2 April 2022 (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

Julie Gibson
Head of Group Media Relations
1 Basinghall Avenue
London
EC2V 5DD
020 7885 2434

Standard Chartered PLC LEI: U4LOSYZ7YG4W3S5F2G91

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