Standard Chartered redeems $1bn securities, buys back shares

Standard Chartered completed the full redemption of its $1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities on July 26, 2025, at 100 per cent of principal plus accrued interest.

The bank also purchased 713,500 ordinary shares on July 25 at an average price of 1,347.39 pence as part of its share buy-back program. The shares will be cancelled, leaving 2,318,108,692 ordinary shares in issue.