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LONDON - Standard Chartered (LON:STAN) PLC (OTC:SCBFF) (LSE:STAN) has completed the redemption of its $1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities, the bank announced Monday.
The British multinational banking and financial services company redeemed the outstanding securities in full on July 26, 2025, at 100 percent of their principal amount together with accrued interest. The redemption payment was processed today, according to the company’s press release statement.
Following the redemption, the securities have been cancelled and there are no outstanding securities remaining in issue. Standard Chartered has applied to The Stock Exchange of Hong Kong Limited for withdrawal of the listing of these securities, which is expected to become effective at the close of business on August 5, 2025.
The bonds, which were issued on June 26, 2020, carried the ISINs US853254BT68 for the Restricted Global Certificates and USG84228EH74 for the Unrestricted Global Certificates.
The redemption was carried out pursuant to the terms and conditions of the securities as outlined in the offering circular dated June 17, 2020, which allowed the issuer to redeem the securities at its option.
Standard Chartered had previously announced its intention to redeem these securities on June 20, 2025.
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