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£150m Undated Primary Capital Floating Rate Notes

25th Oct 2012 10:15

RNS Number : 5210P
Standard Chartered PLC
25 October 2012
 



Standard Chartered PLC25 October 2012

STANDARD CHARTERED PLC ANNOUNCES THE RESULTS OF ITS UPPER TIER 2 TENDER OFFER

 £150,000,000 Undated Primary Capital Floating Rate NotesISIN: GB0008389008(the "Notes")

 

Standard Chartered PLC (the "Company") today announces the results of an invitation to holders of the Notes to tender any and all of the Notes for repurchase by the Company for cash (the "Offer").

The Offer was made upon the terms and subject to the conditions contained in the tender offer memorandum dated 9 October 2012 (the "Tender Offer Memorandum"). Capitalised terms used in this announcement and not otherwise defined have the meanings given to them in the Tender Offer Memorandum.

The Offer expired at 4.00 p.m. London time on 24 October 2012 (the "Expiration Deadline"). As of the Expiration Deadline, the aggregate nominal amount of Notes validly tendered equalled £119,485,000, representing approximately 80% of the aggregate nominal amount of Notes outstanding, being £150,000,000.

The Tender Agent has been instructed to accept for repurchase all Notes validly tendered in the Offer. The Repurchase Price and Accrued Interest for such Notes will be paid on the Settlement Date subject to the terms and conditions of the Offer as set out in the Tender Offer Memorandum. The Settlement Date is expected to be 26 October 2012.

For further information, contact:

Investors

Rupert Mingay

Head: Capital Management+44 (0) 20 7885 6169[email protected]

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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