Standard Chartered sets redemption price for $300 million floaters

By Mary-Katherine Stinson

Lexington, Ky., Oct. 19 – Standard Chartered plc announced the consideration for the previously announced redemption of its $300 million undated primary capital floating-rate notes series 2 (ISIN: XS0010826633), according to a notice.

As previously reported, the company intends to redeem the notes in full on its next respective interest date, which is Nov. 30.

The redemption price will be par along with arrears of interest, according to a Thursday press release.

The notes were called for redemption along with three other series, as announced in June.

The other notes called for redemption are the following:

• $400 million of the undated primary capital floating-rate notes series 1 (ISIN: GB0008387283), which were redeemed on July 26;

• $400 million of the undated primary capital floating-rate notes series 3 (ISIN: XS0010159159), which are scheduled for redemption on Dec. 22; and

• $300 million of the undated primary capital floating-rate notes series 4 (ISIN: XS0010276466), which were redeemed on July 26.

The redemption has been approved by the Prudential Regulation Authority.

The banking and financial services company is based in London.

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