Bond Factsheet
STANLN 5.300% 09Jan2043 Corp (USD)
Standard Chartered PLC
Indicative
Full Lot
Bid Price 85.334
Change in Bid Price 0.498
Bid Yield (%) 6.804 %
Change in Bid Yield 0.057
Ask Price 86.143
Change in Ask Price 0.463
Ask Yield (%) 6.712 %
Change in Ask Yield 0.052
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Standard Chartered PLC
Guarantor
-
Announcement Date
08 Jan 2013
Issue Date
11 Jan 2013
Maturity Date
09 Jan 2043
Years to Maturity / Next Call
16.280 / -
Modified Duration
10.152 @ 02 Oct 2026
Issue / Reoffer Price
99.896
Issue / Reoffer Yield
5.307
Coupon Type
Fixed
Annual Coupon Rate
5.300
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
XS0875267394
CUSIP
EJ5079805
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)
***/ BBB+
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Notes issued under the Programme may be subject to the statutory write-down or bail-in powers granted to EU regulators pursuant to the European Commission’s proposals for a Directive on the recovery and resolution of banks and investment firms
Under the Regulatory Capital Write-Down Powers in the Crisis Management Directive, Resolution Authorities will be required to write-down an Institution’s Tier 1 and Tier 2 Capital instruments before taking any other form of resolution action or applying any other resolution power contained in the Crisis Management Directive in order to restore the Institution to viability. Resolution Authorities may require that an Institution issue Common Equity Tier 1 Capital instruments (e.g., ordinary shares) to holders of Tier 1 and Tier 2 Capital instruments that have been written down. It is currently unclear whether the measures that are ultimately adopted in this area will apply to any Tier 1 or Tier 2 Capital instruments that are in issue on the date the Crisis Management Directive comes into force, or whether certain transitional rules will apply. The European Commission’s proposal for the Crisis Management Directive does not contain any explicit provisions regarding grandfathering of outstanding regulatory capital instruments.
Resolution Authorities will also be able to exercise Bail-In Powers to write-down certain unsecured liabilities of Institutions (and, in some circumstances, shares or unsecured liabilities of certain holding companies of those Institutions) or to convert unsecured liabilities into equity, either to recapitalise the Institution (subject to appropriate restructuring of the Institution’s business) or to provide capital for any bridge institution that the Resolution Authorities establish in connection with the resolution of the Institution. Subject to certain exemptions set out in the proposed Crisis Management Directive (including secured liabilities, bank deposits guaranteed under an EU member state’s deposit guarantee scheme and liabilities with an original maturity of less than one month), it is intended that all liabilities of Institutions will be potentially ‘bail-in-able’ (“Eligible Liabilities”).
Dated Subordinated Notes issued under the Programme may fall within the pool of regulatory capital instruments that would be subject to the proposed Regulatory Capital Write-Down Powers. Senior Notes issued under the Programme that become repayable following the transposition of the provisions relating to Bail-In Powers into UK law and regulation may fall within the scope of the Bail-In Powers proposed in the draft Crisis Management Directive. The determination that all or part of the principal amount of the Notes will be subject to the Regulatory Capital Write-Down Powers or Bail-In Powers may be unpredictable and may be outside of the Issuer’s control. Accordingly, trading behaviour in respect of the Notes which are subject to such write-down or conversion powers is not necessarily expected to follow trading behaviour associated with other types of securities. Any indication that the Notes will become subject to the Regulatory Capital Write-Down Powers set out in the proposed Crisis Management Directive could have an adverse effect on the market price of the relevant Notes.
Additional Note
If Regulatory Capital Call is provided hereon and immediately prior to the giving of the notice referred to below a Regulatory Capital Event has occurred and is continuing, then the Issuer may, [(with the consent of, or waiver from, or, as applicable, lack of objection on the part of, the FSA in the case of Dated Subordinated Notes, if required by the FSA)]1, 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 30 nor more than 60 days' notice to the Noteholders in accordance with Condition 13 (which notice shall be irrevocable) at their Redemption Amount (together with any interest accrued to the date fixed for redemption.
“Regulatory Capital Event” is deemed to have occurred if as a result of a change in law or regulation, or interpretation thereof applicable to the Notes occurring after the date on which agreement is reached to issue the first Tranche of the Notes including, amongst other things (but not limited to), as a result of amendments to Capital Regulations to give effect to Basel III and/or CRD IV, the whole of the outstanding principal amount of the Notes would not be eligible in full to form part of the Capital Resources of the Issuer under applicable Capital Regulations (save where such failure to be so eligible is solely (A) a result of any applicable limitation on the amount of such capital, or (B) in accordance with any requirement that recognition of the Notes as part of the Issuer's Capital Resources be amortised in the five years prior to maturity of the Notes, in either (A) or (B) in accordance with applicable Capital Regulations in force as at the date on which agreement is reached to issue the first Tranche of the Notes)
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