STANCHART (02888) plans to issue $1 billion fixed rate reset perpetual callable convertible securities.

STANCHART (02888) announced that the company plans to issue a total of 1 billion US dollars of fixed rate resettable perpetual subordinated convertible securities on November 14, 2025 (ISIN restricted global certificate: US853254DH03, ISIN unrestricted global certificate: USG84228HA94). The company will apply for the securities to be listed on the International Securities Market of the London Stock Exchange for trading. The company will also apply to the Hong Kong Stock Exchange for approval for the listing and trading of any ordinary shares issued after the conversion of the securities. The face value of the securities is 200,000 US dollars, with any excess amount to be calculated in multiples of 1,000 US dollars.