Standard Chartered PLC Results of SCPLC and SCB Tender Offer (1352R)
June 12 2018 - 7:36AM
UK Regulatory
TIDMSTAN
RNS Number : 1352R
Standard Chartered PLC
12 June 2018
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
COLUMBIA (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM,
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), OR
IN OR INTO ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION
OR DISTRIBUTION IS UNLAWFUL
Standard Chartered PLC
Standard Chartered Bank
12 June 2018
ANNOUNCEMENT OF ACCEPTANCE AND RESULTS OF STANDARD CHARTERED
PLC'S AND STANDARD CHARTERED BANK'S OFFERS TO REPURCHASE NOTES FOR
CASH
On 4 June 2018, Standard Chartered PLC ("SCPLC" or the "Company"
in respect of the SCPLC Notes) invited holders of its
GBP900,000,000 5.125 per cent. Dated Subordinated Notes due 2034
(ISIN: XS1075419694) and its GBP750,000,000 4.375 per cent. Notes
due 2038 (ISIN: XS0876756452) (together, the "SCPLC Notes") to
tender their SCPLC Notes for repurchase by the Company for cash,
subject to certain offer restrictions as contained in the section
"Offer and Distribution Restrictions" of the Tender Offer
Memorandum dated 4 June 2018 (the "Tender Offer Memorandum").
On 4 June 2018, Standard Chartered Bank ("SCB" or the "Company"
in respect of the SCB Notes) invited holders of its GBP200,000,000
7.750 per cent. Undated Subordinated Step-Up Notes (first callable
on 31 January 2022) (ISIN: XS0119816402) (the "SCB Notes") to
tender their SCB Notes for repurchase by the Company for cash,
subject to certain offer restrictions as contained in the section
"Offer and Distribution Restrictions" of the Tender Offer
Memorandum.
Further to the announcement made by the Companies on 4 June
2018, the Companies hereby announce that the results of the Offers,
including the aggregate nominal amount of each series of Notes
validly tendered and not validly withdrawn by the Expiration
Deadline, all of which are to be accepted for repurchase, and the
relevant Repurchase Price payable for each Integral Multiple in
nominal amount in respect of each Series of Notes to be accepted
for repurchase, are as set out in the following table.
Description Company ISIN Aggregate Outstanding Fixed Reference Reference Repurchase Accrued
of the nominal nominal Tender Security Security Price Interest
Notes amount amount Spread Rate (for (for
tendered post (per each each
and accepted settlement cent. Integral Integral
for repurchase per Multiple Multiple
annum) in nominal in
amount) nominal
amount)
GBP900,000,000 SCPLC XS1075419694 GBP372,509,000 GBP527,491,000 265 4.500 per 1.772 GBP1,073.55 GBP1.12
5.125 per bps cent. UK per cent. per GBP1,000 per
cent. Dated Treasury GBP1,000
Subordinated Gilt due
Notes due September
2034 2034 (ISIN:
GB00B52WS153)
-------- ------------- --------------- --------------- ------- -------------- ---------- ------------- ----------
GBP750,000,000 SCPLC XS0876756452 GBP245,687,000 GBP504,313,000 170 4.750 per 1.824 GBP1,119.66 GBP17.77
4.375 per bps cent. UK per cent. per GBP1,000 per
cent. Notes Treasury GBP1,000
due 2038 Gilt due
December
2038 (ISIN:
GB00B00NY175)
-------- ------------- --------------- --------------- ------- -------------- ---------- ------------- ----------
GBP200,000,000 SCB XS0119816402 GBP99,140,000* GBP35,360,000 140 4.00 per 0.884 GBP11,875.40 GBP288.47
7.750 per bps cent. UK per cent. per per
cent. Undated Treasury GBP10,000 GBP10,000
Subordinated Gilt due
Step-Up March 2022
Notes (first (ISIN:
callable GB00B3KJDQ49)
on 31 January
2022)
-------- ------------- --------------- --------------- ------- -------------- ---------- ------------- ----------
*Including Notes with an outstanding nominal amount of
GBP4,000,000 tendered by a member of Standard Chartered Group and
accepted for repurchase.
Each Noteholder whose Notes have been accepted for repurchase is
entitled to receive on the Settlement Date, which is expected to be
14 June 2018, the relevant Total Consideration, being the
Repurchase Price plus Accrued Interest, in respect of such
Notes.
Capitalised terms used and not otherwise defined in this
announcement have the meanings given in the Tender Offer
Memorandum.
For further information, please contact:
The Dealer Managers
Lloyds Bank Corporate Standard Chartered UBS Limited
Markets plc Bank 5 Broadgate
25 Gresham Street One Basinghall Avenue London EC2M 2QS
London EC2V 7HN London EC2V 5DD United Kingdom
United Kingdom United Kingdom
For information by For information
For information telephone: +44 20 by telephone:
by telephone: +44 7885 5739 +44 20 7568 2133
20 7158 1726 Attention: Liability Attention: Liability
Attention: Liability Management Group Management Group
Management Group Email: liability_management@sc.com Email: ol-liabilitymanagement-eu@ubs.com
Email: liability.management
@lloydsbanking.com
The Information and Tender Agent
In London: In Hong Kong:
D.F. King Ltd. D.F. King Ltd.
125 Wood Street Suite 1601, 16/F, Central
London EC2V 7AN Tower
United Kingdom 28 Queen's Road Central
Telephone: +44 20 7920 9700 Central Hong Kong
Telephone: +852 3953 7230
Email: scb@dfkingltd.com
Website: https://sites.dfkingltd.com/scb
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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