28th May 2020 06:52
(Alliance News) - Standard Chartered Bank will redeem outstanding GBP675 million worth of notes on July 14, parent Standard Chartered PLC said on Wednesday.
The bank intends to redeem GBP675 million worth of 5.375% step up undated subordinated notes at 100% of their principal amount together with accrued interest. Following redemption, the notes will be cancelled.
Shares in Standard Chartered closed at 411.40 pence each in London on Wednesday.
By Tapan Panchal; [email protected]
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