Bond Factsheet
STANLN 6.170% 09Jan2027 Corp (USD)
Standard Chartered PLC
Indicative
Full Lot
Bid Price 100.010
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.011
Change in Ask Price
-
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 09 Jan 2026, 12:00am
Bond Issuer
Standard Chartered PLC
Guarantor
-
Announcement Date
04 Jan 2023
Issue Date
09 Jan 2023
Maturity Date
09 Jan 2027
Years to Maturity / Next Call
0.258 / 0.080
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.170
Coupon Type
Variable
Annual Coupon Rate
6.170
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
Reset Date: 9 Jan 2026 and 1 year thereafter
Reset Rate: 1Y UST + Margin (2.05%)
ISIN
USG84228FN34
CUSIP
ZM2312365
Bond Currency
USD
Total Issue Size
1,000,000,000
Outstanding Issue Size
-
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
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
(a) Agreement and acknowledgement with respect to the exercise Notwithstanding and to the exclusion of any other term of any Series of Notes or any other agreements, arrangements or understandings between the Issuer and any Noteholder (or the Trustee on behalf of the Noteholders), by its acquisition of the Notes, each Noteholder acknowledges and accepts that the Amounts Due arising under the Notes may be subject to the exercise of the UK Bail-in Power by the Resolution Authority, and acknowledges, accepts, consents, and agrees to be bound by:
(i) the effect of the exercise of the UK Bail-in Power by the Resolution Authority, that may include and result in any of the following, or some combination thereof: (A) the reduction of all, or a portion, of the Amounts Due;
(B) the conversion of all, or a portion, of the Amounts Due in respect of the
Notes into shares, other securities or other obligations of the Issuer or another person (and the issue to or conferral on the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Notes; (C) the cancellation of the Notes; or
(D) the amendment or alteration of the maturity of the Notes or amendment
of the amount of interest payable on the Notes, or the date on which the interest becomes payable, including by suspending payment for a temporary period;
(ii) the variation of the terms of the Notes, as determined by the Resolution Authority, to give effect to the exercise of the UK Bail-in Power by the Resolution Authority.
Issuer Call
Optional Redemption Date: 9 January 2026
Additional Note
(i) If Loss Absorption Disqualification Event Call is provided hereon and 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 PRA if required) redeem the Senior 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 30 nor more than 60 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).
“Loss Absorption Disqualification Event” shall be deemed to have occurred in relation to any Series of Senior 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 Senior 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 Senior Notes, the outstanding principal amount of such Series of Senior 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 (A) a result of any applicable limitation on the amount of such own funds and eligible liabilities, or (B) in accordance with any requirement that recognition of such Series of Senior Notes as eligible to count towards the Issuer’s or the Group’s minimum requirements for own funds and eligible liabilities be amortised, in either (A) or (B) 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 Senior Notes);
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