Standard Chartered (HKG:2888) plans to fully redeem outstanding bonds under a HK$1.1 billion issue of 4.7% fixed-rate bonds ahead of their March 2027 maturity, according to a Monday filing with the Hong Kong bourse.
The bonds will be redeemed March 21, following which they will be cancelled.
The bonds will be delisted from the official list of the Financial Conduct Authority and trading of the bonds on the London bourse will be cancelled on or shortly after March 24.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.