Bond Factsheet
STANLN 7.018% 08Feb2030 Corp (USD)
Standard Chartered PLC
Indicative
Full Lot
Bid Price 102.894
Change in Bid Price 0.236
Bid Yield (%) 5.674 %
Change in Bid Yield 0.109
Ask Price 103.039
Change in Ask Price 0.236
Ask Yield (%) 5.609 %
Change in Ask Yield 0.108
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
31 Oct 2023
Issue Date
08 Nov 2023
Maturity Date
08 Feb 2030
Years to Maturity / Next Call
3.347 / 2.347
Modified Duration
2.922 @ 02 Oct 2026
Issue / Reoffer Price
99.956
Issue / Reoffer Yield
7.018
Coupon Type
Variable
Annual Coupon Rate
7.018
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Capital Structure
Senior Unsecured
Reference Rate
Reset Date: 08 February 2029
Reset Rate: 1Y US Treasury Rate+ Margin [2.200%]
ISIN
USG84228FZ63
CUSIP
ZH8426459
Bond Currency
USD
Total Issue Size
750,000,000
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.
Redemption of Senior Notes at the option of the Issuer due to Loss Absorption Disqualification Event
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 Relevant Regulator 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 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).
In these Conditions:
a "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.
Please refer the Prospectus for 5(f) under Redemption, Purchase and Options for more information .
Issuer Call
The Issuer may redeem the Notes in whole, but not in part, on the Optional Redemption Date upon giving the required notice and with the permission of, or waiver from, the Bank of England or any successor or replacement thereto and/or such other authority in the United Kingdom with the ability to exercise the UK Bail-in Power (the “Resolution Authority”), if required, at a redemption amount equal to 100% of the principal amount of the Notes (together with any interest accrued to such redemption date), as further described in the Prospectus.
Optional Redemption Date: 08 February 2029 (5.25 years)
Clean-up Call
The Issuer may also redeem the Notes in whole, but not in part, at any time upon giving the required notice and with the permission of, or waiver from, the Resolution Authority, if required, at a redemption amount equal to 100% of the principal amount of the Notes (together with any interest accrued to the date fixed for redemption) if 75 per cent. or more of the aggregate principal amount of the Notes originally issued has been redeemed and/or purchased and cancelled, as further described in the Prospectus.
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