Bond Factsheet
Marketplace
STANLN 4.300% Perpetual Corp (SGD)
Standard Chartered PLC
Full Lot
Bid Price 98.650
Change in Bid Price 3.460
Bid Yield (%) 4.590 %
Change in Bid Yield 0.763
Bid Volume 250,000
Ask Price 99.250
Change in Ask Price 2.860
Ask Yield (%) 4.460 %
Change in Ask Yield 0.633
Ask Volume 250,000
Price as of 01 Oct 2026, 4:36pm
Odd Lot
Bid Price 99.250
Change in Bid Price 0.200
Bid Yield (%) 4.460 %
Change in Bid Yield 0.044
Bid Volume 4,000
Ask Price 99.300
Change in Ask Price 0.150
Ask Yield (%) 4.449 %
Change in Ask Yield 0.033
Ask Volume 100,000
Price as of 02 Oct 2026, 12:17am
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Standard Chartered PLC
Guarantor
-
Announcement Date
06 Jan 2026
Issue Date
15 Jan 2026
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 4.787
Modified Duration
4.238 @ 30 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.300
Coupon Type
Variable
Annual Coupon Rate
4.300
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Capital Structure
Additional Tier 1
Reference Rate
Reset Date: 15 January 2032 and every 5 years thereafter
Reset Rate: 5-year SORA-OIS+ Initial Margin (2.263%)
ISIN
XS3256200646
CUSIP
DC7466105
Bond Currency
SGD
Total Issue Size
750,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
High Yield 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
Conversion
If the Conversion Trigger Event occurs, each Security shall be automatically and irrevocably discharged and satisfied by its Conversion into Ordinary Shares, credited as fully paid, and the issuance of such Ordinary Shares to the Conversion Shares Depositary to be held on trust by the Conversion Shares Depositary for the Securityholders. The Conversion shall occur without delay upon the occurrence of a Conversion Trigger Event.
Conversion Trigger Event
The Conversion Trigger Event shall occur if at any time the CET1 Ratio is less than 7.00 per cent. The CET1 Ratio is calculated on a consolidated and fully loaded basis.
Conversion Price
The Conversion Price per Ordinary Share in respect of the Securities is SGD 32.043, subject to certain anti-dilution adjustments as described herein. As at 6 January 2026, the Conversion Price was equivalent to a price of £18.525, translated into Singapore Dollars at an exchange rate of £1 = SGD 1.7297.
Recognition of UK Bail-in Power
(a) Agreement and acknowledgement with respect to the exercise Notwithstanding and to the exclusion of any other agreements, arrangements or understandings between the Issuer and any Securityholder (or the Trustee on behalf of the Securityholders), by its acquisition of the Securities (or any interest therein), each Securityholder acknowledges and accepts that the Amounts Due 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 Securities into shares, other securities or other obligations of the Issuer, or another person (and the issue to or conferral on the Securityholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Securities;
(C) the cancellation of the Securities (if applicable); and/or
(D) the amendment or alteration of the maturity of the Securities or amendment of the amount of interest payable on the Securities, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and (ii) the variation of the terms of the Securities, as determined by the Resolution Authority, to give effect to the exercise of the UK Bail-in Power by the Resolution Authority.
Deferral Interest Payment
If the Issuer does not make an Interest Payment or part thereof on the relevant Interest Payment Date or on any other relevant date for payment, such non-payment shall evidence:
(i) the non-payment and cancellation of such Interest Payment (or relevant part thereof) by reason of it not being due in accordance with the provisions described under "Solvency Condition" below;
(ii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with the provisions described under "Restrictions on Interest Payments" below;
(iii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with Condition 7(c); or, as appropriate;
iv) the Issuer's exercise of its discretion otherwise to cancel such Interest Payment (or relevant part thereof) as described under "Interest Payments Discretionary" below,
and, accordingly, such interest shall not in any such case be due and payable.
Interest Payments Discretionary
Interest on the Securities is due and payable only at the sole and absolute discretion of the Issuer, subject to the additional restrictions set out herein. Accordingly, the Issuer may at any time elect to cancel any Interest Payment (or part thereof) which would otherwise be payable on any Interest Payment Date.
Restrictions on Interest Payments
The Issuer shall cancel any Interest Payment (or, as appropriate, part thereof) on the Securities in respect of any Interest Payment Date to the extent that the Issuer has an amount of Distributable Items on such Interest Payment Date that is less than the sum of (i) all payments (other than redemption payments which do not reduce Distributable Items) made or declared by the Issuer since the end of the last financial year of the Issuer and prior to such Interest Payment Date on or in respect of any Parity Securities, the Securities and any Junior Securities and (ii) all payments (other than redemption payments which do not reduce Distributable Items) payable by the Issuer (and not cancelled or deemed cancelled) on such Interest Payment Date (x) on the Securities (including any Additional Amounts which would be payable by the Issuer in respect of the Interest Payment payable on such Interest Payment Date if such Interest Payment were not cancelled or deemed cancelled) and (y) on or in respect of any Parity Securities or any Junior Securities, in the case of each of (i) and (ii), excluding any payments already accounted for in determining the Distributable Items of the Issuer.
Issuer Call
Additional Note
Subject to certain conditions, if at any time a Capital Disqualification Event has occurred, the Issuer may, at its option, redeem the Securities, in whole but not in part, on any date at 100 per cent. of their principal amount, together with any accrued but unpaid interest (which excludes any interest cancelled or deemed cancelled as described above) to (but excluding) the date fixed for redemption.
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by iFAST Research Team
23 Feb 2026