Standard Chartered to redeem $400 million perpetual floaters Dec. 22

By William Gullotti

Buffalo, N.Y., Nov. 9 – Standard Chartered plc will redeem all $400 million undated primary capital floating-rate notes, series 3, (ISIN: XS0010159159) on Dec. 22, according to a notice on Thursday.

The Prudential Regulation Authority has given consent for the redemption, and all outstanding notes will be redeemed at par plus interest.

Listing for the perpetuals will be canceled on, or shortly after, Dec. 27.

The banking and financial services company is based in London.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.