Bond Factsheet
STANLN 3.410% 14Aug2029 Corp (HKD)
Standard Chartered PLC
Indicative
Full Lot
Bid Price 97.965
Change in Bid Price 0.122
Bid Yield (%) 4.178 %
Change in Bid Yield 0.046
Ask Price 98.063
Change in Ask Price 0.122
Ask Yield (%) 4.140 %
Change in Ask Yield 0.046
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Standard Chartered PLC
Guarantor
-
Announcement Date
07 Aug 2025
Issue Date
14 Aug 2025
Maturity Date
14 Aug 2029
Years to Maturity / Next Call
2.860 / 1.860
Modified Duration
2.646 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.410
Coupon Type
Fixed
Annual Coupon Rate
3.410
Coupon Frequency
Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
-
ISIN
HK0001179180
CUSIP
YL0926417
Bond Currency
HKD
Total Issue Size
1,500,000,000
Min. Investment Quantity (Nominal)
HKD 1,000,000
Incremental Quantity (Nominal)
HKD 1,000,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A
Bond Credit Rating (S&P/ Fitch)
***/ A
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Notes issued under the Programme and the Guarantee may be subject to statutory write-down, conversion or bail-in
Pursuant to the Banking Act, the Dated Subordinated Notes issued under the Programme could be subject to the exercise of regulatory capital write-down and conversion powers in certain circumstances, including before a determination that the relevant Issuer and/or the Group has reached the point of non-viability and before a determination by the relevant resolution authority to exercise resolution powers (including bail-in resolution powers). Holders of Dated Subordinated Notes may be subject to write-down or conversion into equity on application of such powers, which may result in such holders losing some or all of their investment. Any write-down or conversion effected using this power must be carried out in a specific order such that Common Equity Tier 1 instruments must be written off, cancelled or appropriated from the existing shareholders before Additional Tier 1 instruments are affected, Additional Tier 1 instruments must be written off or converted before Tier 2 instruments are affected and (in the case of a non-resolution entity, such as SCB) Tier 2 instruments must be written off or converted before relevant internal liabilities are affected. Where the write-down and conversion of capital instruments and liabilities power is used, the write-down is permanent and investors receive no compensation (save that Common Equity Tier 1 instruments may be required to be issued to holders of written-down instruments). The "no creditor worse off" safeguard (as described below) would not apply in relation to an application of such powers to capital instruments (such as the Dated Subordinated Notes) in circumstances where resolution powers are not also exercised.
Senior Notes (including Notes issued by SCBNY) and Dated Subordinated Notes issued under the Programme (insofar as they have not already been written-down or converted under such regulatory capital write-down and conversion powers) also fall within the scope of the bail-in powers set out in the Banking Act. The Banking Act specifies the order in which the bail-in tool should be applied, reflecting the hierarchy of capital instruments under UK CRR and otherwise respecting the hierarchy of claims in an ordinary insolvency. Any such exercise of the bail-in tool in respect of an Issuer and the Notes may result in the cancellation of all, or a portion, of the principal amount of, interest on, or any other amounts payable on, the Notes and/or the conversion of the Notes into shares or other Notes or other obligations of the relevant Issuer or another person, or any other modification or variation to the terms of the Notes.
The determination that the regulatory capital write-down and conversion powers or the bail-in powers will be exercised in respect of all or part of the principal amount of any Notes may be unpredictable and may be outside of the Issuers' control. Accordingly, trading behaviour in respect of the Notes which are subject to such powers is not necessarily expected to follow trading behaviour associated with other types of securities. Any final determination, or actual or perceived increase in the likelihood, that such powers will be exercised in respect of the Notes could have an adverse effect on the market price of the relevant Notes.
Issuer Call
If Issuer Call is provided hereon, the Issuer may (with the permission of, or waiver from, the Relevant Regulator if required), on giving not less than 15 nor more than 30 days' notice to the Noteholders in accordance with Condition 13 (which notice shall be irrevocable), redeem, or exercise any Issuer's option in relation to, all or, if so provided, some of the Notes in the principal amount or integral multiples thereof and on the date or dates so provided. Any such redemption of Notes shall be at their Call Option Redemption Amount (together with any interest accrued to the date fixed for redemption).
Optional Redemption Date: 14 August 2028 (3 years)
Clean-up redemption at the option of the Issuer
Clean-up Call: Applicable
Clean-up Call Threshold: 75 per cent
If Clean-up Call is specified hereon and if the Clean-up Call Threshold or more of the aggregate principal amount of the Notes originally issued (and, for these purposes, any further securities issued pursuant to Condition 12 will be deemed to have been originally issued) has been redeemed and/or purchased and cancelled, then the Issuer may (with the permission of, or waiver from, the Relevant Regulator if required), at its option (without any requirement for the consent or approval of the Noteholders), and having given not less than 15 nor more than 30 days' notice to the Trustee, the Paying Agent, the Registrar and, in accordance with Condition 13, the Noteholders (which notice shall be irrevocable and shall specify the date fixed for redemption), redeem all (but not only some) of the Notes on, or at any time after, the Clean-up Call Optional Redemption Date specified hereon. Any such redemption of Notes shall be at their Call Option Redemption Amount (together with any interest accrued to the date fixed for redemption).
Additional Note
If the Notes are not Section 3(a)(2) Notes, if Loss Absorption Disqualification Event Call is specified hereon and if immediately prior to the giving of the notice referred to below a Loss Absorption Disqualification Event has occurred and is continuing, then the Issuer may (with the permission of, or waiver from, the Relevant Regulator if required) redeem the Notes in whole, but not in part, on any Interest Payment Date or, if so specified hereon, at any time, on giving not less than 15 nor more than 30 days' notice to the Noteholders in accordance with Condition 13 (which notice shall be irrevocable), at their Early Redemption Amount (together with any interest accrued to the date fixed for redemption).
a "Loss Absorption Disqualification Event" shall be deemed to have occurred in relation to any Series of Notes if as a result of any:
(i) Loss Absorption Regulation becoming effective on or after the date on which agreement is reached to issue the most recently issued Tranche of such Series of Notes; or
(ii) amendment to, or change in, any Loss Absorption Regulation, or any change in the application or official interpretation thereof, in any such case becoming effective on or after the date on which agreement is reached to issue the most recently issued Tranche of such Series of Notes,
the outstanding principal amount of such Series of Notes is or (in the opinion of the Issuer or the Relevant Regulator) is likely to become fully or partially ineligible to count towards the Issuer's or the Group's minimum requirements for own funds and eligible liabilities, in each case as determined in accordance with and pursuant to the relevant Loss Absorption Regulations (save where such failure to be so eligible is solely due to the remaining maturity of the Notes being less than any period prescribed by any applicable criteria of such minimum requirements in accordance with applicable Loss Absorption Regulations in force as at the date on which agreement is reached to issue the most recently issued Tranche of such Series of Notes);
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