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StanChart 4.750% Perp (USD)
Standard Chartered PLC
Standard Chartered PLC is an international banking group operating principally in Asia, Africa, and the Middle East. The Company offers its products and services in the personal, consumer, corporate, institutional and treasury areas.
to trade this BondbloX
Bondblox Price Information
Last Price
88.640
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSG84228EP90
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.161
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Standard Chartered PLC
ISIN
USG84228EP90
Bond Currency
USD
Country of Risk
GBR
Guarantor
Not Applicable
Coupon
4.750%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
1,250,000,000
Amount Outstanding
1,250,000,000
Issue Date
Jan 14, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Ba1,S&P:BB-,Fitch:BBB-
Registration Type
Regulation S
Seniority
Junior Subordinated
Callable
Y
Next Call Date
Jan 14, 2031
Next Call Price
100.000
Reference Rate
H15T5Y
Spread
380.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 14, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Cancellation of Interest Payments:
If the Company does not make an Interest Payment or part thereof on the relevant Interest Payment Date, 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 âSolvency Conditionâ below;
- (ii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with the provisions described under âRestrictions on Interest Paymentsâ below;
- (iii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with Condition 7(c); or as appropriate;
- (iv) the Companyâs exercise of its discretion otherwise to cancel such Interest Payment (or relevant part thereof) as described under âInterest Payments Discretionaryâ 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 Company, subject to the additional restrictions set out in the Terms and Conditions. Accordingly, the Company may at any time elect to cancel any Interest Payment (or part thereof) which would otherwise be payable on any Interest Payment Date.
Conversion Trigger Event:
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 for the Securityholders. The Conversion shall occur without delay upon the occurrence of a 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.
- The Trust Deed provides that if the Trustee, in the exercise of its functions, requires to be satisfied as to any fact (including, without limitation, as to whether a Conversion Trigger Event has occurred), it may call for and accept as sufficient evidence of that fact a certificate signed by two Authorised Signatories of the Company as to that fact.
- Conversion Price: The Conversion Price per Ordinary Share in respect of the Securities is U.S.$6.353 subject to certain anti-dilution adjustments as described in the Terms and Conditions. As at 5 January 2021, the Conversion Price was equivalent to a price of ÂŁ4.661, translated into U.S. Dollars at an exchange rate of ÂŁ1 = U.S.$1.363.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSG84228EP90.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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StanChart 4.750% Perp (USD)
InstitutionsIndividuals
to trade this BondbloX
Standard Chartered PLC
Standard Chartered PLC is an international banking group operating principally in Asia, Africa, and the Middle East. The Company offers its products and services in the personal, consumer, corporate, institutional and treasury areas.
Bondblox Price Information
Last Price
88.640
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXUSG84228EP90
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.161
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Standard Chartered PLC
ISIN
USG84228EP90
Bond Currency
USD
Country of Risk
GBR
Guarantor
Not Applicable
Coupon
4.750%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
200,000
Minimum Increment
1,000
Amount Issued
1,250,000,000
Amount Outstanding
1,250,000,000
Issue Date
Jan 14, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Ba1
S&P:BB-
Fitch:BBB-
S&P:BB-
Fitch:BBB-
Registration Type
Regulation S
Seniority
Junior Subordinated
Callable
Y
Next Call Date
Jan 14, 2031
Next Call Price
100.000
Reference Rate
H15T5Y
Spread
380.5
Refix Frequency (years)
5
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 14, 2025
Day Count Basis
ISMA-30/360
Record Date Rule
1 ICSD Business Day prior to the relevant Interest Payment Date
Underlying Bond Features
Cancellation of Interest Payments:
If the Company does not make an Interest Payment or part thereof on the relevant Interest Payment Date, 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 âSolvency Conditionâ below;
- (ii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with the provisions described under âRestrictions on Interest Paymentsâ below;
- (iii) the cancellation of such Interest Payment (or relevant part thereof) in accordance with Condition 7(c); or as appropriate;
- (iv) the Companyâs exercise of its discretion otherwise to cancel such Interest Payment (or relevant part thereof) as described under âInterest Payments Discretionaryâ 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 Company, subject to the additional restrictions set out in the Terms and Conditions. Accordingly, the Company may at any time elect to cancel any Interest Payment (or part thereof) which would otherwise be payable on any Interest Payment Date.
Conversion Trigger Event:
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 for the Securityholders. The Conversion shall occur without delay upon the occurrence of a 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.
- The Trust Deed provides that if the Trustee, in the exercise of its functions, requires to be satisfied as to any fact (including, without limitation, as to whether a Conversion Trigger Event has occurred), it may call for and accept as sufficient evidence of that fact a certificate signed by two Authorised Signatories of the Company as to that fact.
- Conversion Price: The Conversion Price per Ordinary Share in respect of the Securities is U.S.$6.353 subject to certain anti-dilution adjustments as described in the Terms and Conditions. As at 5 January 2021, the Conversion Price was equivalent to a price of ÂŁ4.661, translated into U.S. Dollars at an exchange rate of ÂŁ1 = U.S.$1.363.
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXUSG84228EP90.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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