18th Jun 2020 08:53
(Alliance News) - Standard Chartered PLC on Thursday said it will be issuing USD1.0 billion fixed-rate resetting perpetual subordinated contingent convertible securities.
The FTSE 100-listed bank said it intends to issue the securities on Friday next week on the stock exchange in Hong Kong.
The issuance is a part of a USD77.5 billion debt issuance programme, with Standard Chartered and Standard Chartered Bank as issuers.
Under that programme, Standard Chartered and Standard Chartered Bank each may "from time to time" issue debt securities. The notes may be rank either as senior or subordinated obligations. The aggregate principal amount of notes outstanding under the programme may not at any time exceed USD77.5 billion.
Standard Chartered shares were trading 0.5% lower in London on Thursday at 422.70 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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