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Standard Chartered accepts £119.49 million floaters in tender offer
By Marisa Wong
Madison, Wis., Oct. 25 - Standard Chartered plc announced that holders tendered £119,485,000, or 80%, of its £150 million outstanding undated primary capital floating-rate notes in the cash tender offer that began on Oct. 9 and expired at 11 a.m. ET on Oct. 24.
Standard Chartered said it will accept for repurchase all tendered notes.
As previously reported, the company will pay £600 plus accrued interest for each £1,000 principal amount of notes.
Settlement is slated for Oct. 26.
Lloyds TSB Bank plc (44 20 7158 3981 or liability.management@lloydsbanking.com) and Standard Chartered Bank (44 20 7885 5739 or DCMSyndicateLON@exchange.standardchartered.com) are the dealer managers. Lucid Issuer Services Ltd. (44 20 7704 0880 or sc@lucid-is.com, attention Thomas Choquet or Sunjeeve Patel) is the tender agent.
The bank and financial services company is based in London.
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