Standard Chartered to redeem $2.5bn in fixed rate reset notes

Standard Chartered PLC announced its intention to redeem two series of Fixed Rate Reset Notes, one valued at $1.5 billion and another at $1 billion. The $1.5 billion 1.456% Fixed Rate Reset Notes due 2027 will be fully redeemed on January 14, 2026, at the Call Option Redemption Amount, including accrued but unpaid interest.

Similarly, the $1 billion 6.170% Fixed Rate Reset Notes due 2027 will be fully redeemed on January 9, 2026, also at the Call Option Redemption Amount with accrued interest. Both redemptions are in accordance with Condition 5(d) of the respective Notes' terms and conditions.

Following their redemption, both sets of Notes will be cancelled, with their listings on the Official List of the Financial Conduct Authority and admission to trading on the Main Market of the London Stock Exchange plc set to be cancelled on or shortly after January 15, 2026, and January 12, 2026, respectively.