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STANCHART Issues US$1B Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
STANCHART (02888.HK) announced the issuance of US$1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities. Application will be made for the securiti...
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STANCHART Issues US$1B Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities
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STANCHART (02888.HK)  0.000 (0.000%)    Short selling $3.27M; Ratio 5.160%   announced the issuance of US$1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities.

Application will be made for the securities to be admitted to trading on the London Stock Exchange's International Securities Market (ISM). Application will also be made to the Hong Kong Stock Exchange for the listing of, and permission to deal in, the Ordinary Shares to be issued upon any Conversion of the securities.

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The denominations of the securities will be US$200,000 and integral multiples of US$1,000 in excess thereof. The conversion price per share is US$12.33, fully convertible into 81.103 million ordinary shares, representing approx. 3.238% of the Company's enlarged share capital. The proceeds from the issuance of the securities will be approx. US$991 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-24 16:25.)

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