Standard Chartered to redeem $1.5bn in notes

Standard Chartered PLC (HKEX:2888) has announced the redemption of its outstanding U.S.$500,000,000 Floating Rate Notes and U.S.$1,000,000,000 3.971 per cent. Fixed Rate Reset Notes, both due in 2026. The notes will be redeemed on March 30, 2025, at the Call Option Redemption Amount, with interest paid on March 31, 2025. Following the redemption, the notes will be cancelled, and their listing on the Financial Conduct Authority's Official List and the London Stock Exchange will be cancelled around April 1, 2025. Separately, Standard Chartered announced the issue of EUR 1,000,000,000 3.864 per cent. Fixed Rate Reset Social Notes due 2033 on March 17, 2025. The bank has established a U.S.$77,500,000,000 debt issuance programme for these notes. Application has been made for the Notes to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange with effect from 17 March 2025.