Standard Chartered to redeem all $925 million 8 1/8% preferreds

By Tali David

Minneapolis, Oct. 8 - Standard Chartered plc plans to redeem all $925 million of its 8 1/8% noncumulative redeemable preference shares, according to a press release.

The 462,500 shares will be redeemed at $2,000 per share plus $81.25 per share in accrued dividends on Nov. 27.

The bank and financial services company is based in London.

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