Information  X 
Enter a valid email address

Standard Chrtrd PLC (STAN)

  Print      Mail a friend       Annual reports

Tuesday 12 June, 2018

Standard Chrtrd PLC

Results of SCPLC and SCB Tender Offer

RNS Number : 1352R
Standard Chartered PLC
12 June 2018
 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL

Standard Chartered PLC
Standard Chartered Bank
12 June 2018

ANNOUNCEMENT OF ACCEPTANCE AND RESULTS OF STANDARD CHARTERED PLC'S AND STANDARD CHARTERED BANK'S OFFERS TO REPURCHASE NOTES FOR CASH

On 4 June 2018, Standard Chartered PLC ("SCPLC" or the "Company" in respect of the SCPLC Notes) invited holders of its £900,000,000 5.125 per cent. Dated Subordinated Notes due 2034 (ISIN: XS1075419694) and its £750,000,000 4.375 per cent. Notes due 2038 (ISIN: XS0876756452) (together, the "SCPLC Notes") to tender their SCPLC Notes for repurchase by the Company for cash, subject to certain offer restrictions as contained in the section "Offer and Distribution Restrictions" of the Tender Offer Memorandum dated 4 June 2018 (the "Tender Offer Memorandum").

On 4 June 2018, Standard Chartered Bank ("SCB" or the "Company" in respect of the SCB Notes) invited holders of its £200,000,000 7.750 per cent. Undated Subordinated Step-Up Notes (first callable on 31 January 2022) (ISIN: XS0119816402) (the "SCB Notes") to tender their SCB Notes for repurchase by the Company for cash, subject to certain offer restrictions as contained in the section "Offer and Distribution Restrictions" of the Tender Offer Memorandum.

Further to the announcement made by the Companies on 4 June 2018, the Companies hereby announce that the results of the Offers, including the aggregate nominal amount of each series of Notes validly tendered and not validly withdrawn by the Expiration Deadline, all of which are to be accepted for repurchase, and the relevant Repurchase Price payable for each Integral Multiple in nominal amount in respect of each Series of Notes to be accepted for repurchase, are as set out in the following table.

 

Description of the Notes

Company

ISIN

Aggregate nominal amount tendered and accepted for repurchase

Outstanding nominal amount post settlement

Fixed Tender Spread

Reference Security

Reference Security Rate (per cent. per annum)

Repurchase Price (for each Integral Multiple in nominal amount)

Accrued Interest (for each Integral Multiple in  nominal amount)

£900,000,000 5.125 per cent. Dated Subordinated Notes due 2034

SCPLC

XS1075419694

£372,509,000

£527,491,000

265 bps

4.500 per cent. UK Treasury Gilt due September 2034 (ISIN: GB00B52WS153)

1.772 per cent.

£1,073.55 per £1,000

£1.12 per £1,000

£750,000,000 4.375 per cent. Notes due 2038

SCPLC

XS0876756452

£245,687,000

£504,313,000

170 bps

4.750 per cent. UK Treasury Gilt due December 2038 (ISIN: GB00B00NY175)

1.824 per cent.

£1,119.66 per £1,000

£17.77 per £1,000

£200,000,000 7.750 per cent. Undated Subordinated Step-Up Notes (first callable on 31 January 2022)

SCB

XS0119816402

£99,140,000*

£35,360,000

140 bps

4.00 per cent. UK Treasury Gilt due March 2022 (ISIN: GB00B3KJDQ49)

0.884 per cent.

£11,875.40 per £10,000

£288.47 per £10,000

*Including Notes with an outstanding nominal amount of £4,000,000 tendered by a member of Standard Chartered Group and accepted for repurchase.

Each Noteholder whose Notes have been accepted for repurchase is entitled to receive on the Settlement Date, which is expected to be 14 June 2018, the relevant Total Consideration, being the Repurchase Price plus Accrued Interest, in respect of such Notes.

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.

 

For further information, please contact:

The Dealer Managers

Lloyds Bank Corporate Markets plc
25 Gresham Street
London EC2V 7HN
United Kingdom

For information by telephone: +44 20 7158 1726
Attention: Liability Management Group
Email: liability.management
@lloydsbanking.com

Standard Chartered Bank
One Basinghall Avenue
London EC2V 5DD
United Kingdom

For information by telephone: +44 20 7885 5739
Attention: Liability Management Group
Email: [email protected]

UBS Limited
5 Broadgate
London EC2M 2QS
United Kingdom

For information by telephone:
+44 20 7568 2133
Attention: Liability Management Group
Email: [email protected]

The Information and Tender Agent

In London:

D.F. King Ltd.
125 Wood Street
London EC2V 7AN
United Kingdom
Telephone: +44 20 7920 9700

In Hong Kong:

D.F. King Ltd.
Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Central Hong Kong
Telephone: +852 3953 7230

Email: [email protected]
Website: https://sites.dfkingltd.com/scb

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCBBGDLIDBBGID

a d v e r t i s e m e n t