IN BRIEF: StanChart plans USD1.00 billion CoCo bond issue

Thu, 29th Feb 2024 21:45

Standard Chartered PLC - Asia-focused lender - Plans to issue USD1.00 billion in fixed-rate resetting perpetual subordinated contingent convertible bonds. In addition, it announces final terms of a EUR1.00 billion 4.196% fixed rate reset notes issue due 2023. "The notes have been issued under the USD77.50 billion debt issuance programme," it says on the latter.

Current stock price: 663.14 pence

12-month change: down 16%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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