4th Dec 2008 12:51
Standard Chartered PLC4 December 2008
Announcement of Tender Offer Results
US$400,000,000 Undated Primary Capital Floating Rate Notes
US$300,000,000 Undated Primary Capital Floating Rate Notes (Series 2)
US$400,000,000 Undated Primary Capital Floating Rate Notes (Series 3)
US$200,000,000 Undated Primary Capital Floating Rate Notes (Series 4)
(together, the "Notes")
ISIN: GB0008387283, XS0010826633, XS0010159159 and XS0010276466
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 on the terms and subject to the conditions set out in the Tender Offer Memorandum dated 14 November 2008. Capitalised terms used in this announcement and not otherwise defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer expired at 5.00 pm Central European Time on 3 December 2008 and the results of the Offer are as follows:
|
Series of Notes
|
Nominal amount of Notes outstanding
|
Nominal amount of Notes
validly tendered
|
Percentage of Notes
validly tendered
|
|
US$400,000,000 Undated Primary Capital Floating Rate Notes
ISIN: GB0008387283
|
US$400,000,000
|
US$342,350,000
|
85.6%
|
|
US$300,000,000 Undated Primary Capital Floating Rate Notes (Series 2)
ISIN: XS0010826633
|
US$300,000,000
|
US$217,520,000
|
72.5%
|
|
US$400,000,000 Undated Primary Capital Floating Rate Notes (Series 3) ISIN: XS0010159159
|
US$400,000,000
|
US$316,450,000
|
79.1%
|
|
US$200,000,000 Undated Primary Capital Floating Rate Notes (Series 4)
ISIN: XS0010276466
|
US$200,000,000
|
US$148,490,000
|
74.2%
|
The Company has instructed the Tender Agent to accept for repurchase all Notes validly tendered in the Offer and the Repurchase Price and Accrued Interest for such Notes will be paid on the Settlement Date subject to the terms and conditions in the Tender Offer Memorandum.
For further information, please contact:
|
The Dealer Manager
|
The Tender Agent
|
|
JPMorgan Cazenove Limited20 MoorgateLondon EC2R 6DA
Sebastien Bamsey
Tel: +44 (0) 20 7777 1333
[email protected]
Richard Howard
Tel: +44 (0) 20 7779 2468
[email protected]
|
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB Tel: +44 (0) 20 7547 5000
Email: [email protected]
Attention: Trust and Securities Services
|
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR A SOLICITATION OF AN OFFER TO SELL NOTES, AND TENDERS OF NOTES IN THE OFFER ARE NOT ACCEPTED FROM NOTEHOLDERS IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL.
Related Shares:
Standard Chartered