Standard Chartered Bank calls 5.95% tier 2 notes due 2029

By Mary-Katherine Stinson

Lexington, Ky., April 18 – Standard Chartered Bank Group Ltd. announced a redemption of all the outstanding $400 million 5.95% resettable tier 2 notes due 2029 (ISIN: XS2001739379) issued by the Standard Bank of South Africa Ltd., according to a notice.

The notes will be redeemed at a par of $1,000 plus accrued interest on the optional redemption date of May 31.

Bank of New York Mellon is the fiscal agent and calculation agent. Bank of New York Mellon SA/NV, Luxembourg Branch is the registrar and Luxembourg paying agent.

The notes were issued under the bank’s $4 billion-euro medium term note program and will be delisted from the London Stock Exchange following the transaction.

The banking and financial services company is based in London.

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