Standard Chartered Bank Redemption of 5.375% Tier 2 Notes (1342O)

TIDM51OX

RNS Number : 1342O

Standard Chartered Bank

27 May 2020

Standard Chartered Bank

27 May 2020

Redemption by Standard Chartered Bank ("SCB") of GBP675,000,000 5.375% Step Up Undated Subordinated Notes (ISIN: XS0222434200) (the "Securities")

SCB has today given notice to the holders of the Securities that it will fully redeem the outstanding Securities on 14 July 2020 (the "Redemption Date") in accordance with the terms and conditions of the Securities (the "Conditions"). The Securities will be redeemed at 100 per cent. of their principal amount together with accrued interest.

Following redemption, the Securities will be cancelled pursuant to the Conditions. Accordingly, the listing of the Securities on the Official List of the FCA and the admission of the Securities to trading on the Regulated Market of the London Stock Exchange will be cancelled on, or shortly after, 16 July 2020.

For further information please contact:

Daniel Banks

Managing Director, Global Head, Debt Investor Relations

1 Basinghall Avenue

London

EC2V 5DD

020 7885 6329

Jon Tracey

Global Head, Communications

1 Basinghall Avenue

London

EC2V 5DD

020 7885 7613

Standard Chartered Bank LEI: RILFO74KP1CM8P6PCT96

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May 27, 2020 12:35 ET (16:35 GMT)