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IN BRIEF: StanChart plans $1.00 billion CoCo bond issue

ALN

Standard Chartered PLC - Asia-focused lender - Plans to issue $1.00 billion in fixed-rate resetting perpetual subordinated contingent convertible bonds. In addition, it announces final terms of a €1.00 billion 4.196% fixed rate reset notes issue due 2023. ‘The notes have been issued under the $77.50 billion debt issuance programme,’ it says on the latter.

Current stock price: 663.14 pence

12-month change: down 16%

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