Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Standard Chartered PLC
  6. News
  7. Summary
    STAN   GB0004082847

STANDARD CHARTERED PLC

(STAN)
  Report
Delayed London Stock Exchange  -  11:35 2022-10-06 am EDT
573.60 GBX   -1.54%
01:41aZodia brings in miano
AQ
10/05Standard Chartered Buys Back More Than 2 Million Shares
MT
10/05SWIFT sets out blueprint for central bank digital currency network
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

African Development Bank Launches First ESG African Frontier-Currency Bond It was issued under the African Development Bank Group's ‘Feed Africa' strategic High 5 and marks the Bank's first offshore UGX bond issuance in 2022

06/29/2022 | 03:48pm EDT

The African Development Bank (www.AfDB.org) on 14 June 2022 launched a 19-billion Ugandan shilling (UGX) ($5.07 million) 2-year theme bond, the first-ever African frontier currency-denominated environmental, social and governance (ESG) issuance by a multilateral development institution.

The bond, due June 2024, will be settled in dollars at a fixed coupon of 10.5%. It was issued under the African Development Bank Group’s ‘Feed Africa’ (https://bit.ly/3HZgao5) strategic High 5 and marks the Bank’s first offshore UGX bond issuance in 2022. Standard Chartered Bank arranged the transaction under the Bank’s Global Debt Issuance Facility. Capitulum Asset Management was the investor.

The Bank will direct funds equal to the net proceeds of the issue to lending projects that advance the ‘Feed Africa’ strategic priority, in accordance with its lending standards.

Keith Werner, African Development Bank Division Manager for Capital Markets and Financial Operations, said: "The African Development Bank is very pleased to collaborate with Standard Chartered Bank and Capitulum Asset Management to launch this inaugural African frontier currency ESG transaction, contributing to our High-5 development priorities while extending our investor reach in Europe."

Under its Feed Africa strategy, the Bank is working to (i) contribute to reduce poverty; (ii) end hunger and malnutrition; (iii) make Africa a net food exporter; and (iv) move Africa to the top of export-orientated value chains where it has a comparative advantage. Feed Africa’s overall goal is to make Africa a net food exporter by 2025.

Theodor Kirschner, Fund Manager at Capitulum Asset Management said: "Our participation in the African Development Bank’s Ugandan shilling bond funding the ‘Feed Africa’ program helps us to reach our goal to invest with a positive impact while providing an adequate yield in a frontier currency."

Dain Sherborne, head of EM SSA Bond Trading and Annemarie Ganatra, head of MTNs at Standard Chartered Bank, said: "We are delighted that our core strengths in African markets have enabled us to arrange this ‘Feed Africa’ theme bond issuance for AfDB. We look forward to continuing to strengthen our partnership with multilateral development banks to help them achieve their common goals."


Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contact: fundingdesk@afdb.org

About the African Development Bank Group:
The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

© African Press Organization, source Press Releases

All news about STANDARD CHARTERED PLC
01:41aZodia brings in miano
AQ
10/05Standard Chartered Buys Back More Than 2 Million Shares
MT
10/05SWIFT sets out blueprint for central bank digital currency network
RE
10/05Hong Kong shares log best day in almost 7 weeks, consumer discretionary stocks shine
RE
10/04Philippines launches three-tranche dollar bond issue
RE
10/04Standard Chartered Repurchases 4 Million Shares
MT
10/04Spectral Medical Provides Update on Tigris Clinical Trial; Says 44 Out of 150 Patients ..
MT
10/04Exclusive-Banks divert gold supply from India to China, Turkey - sources
RE
10/04Ghana's Cocobod signs $1.13 billion loan for 2022/23 cocoa purchases
RE
10/03WH Group Unit to Offload Assets to Saratoga Food Specialties for $587.5 Million
MT
More news
Analyst Recommendations on STANDARD CHARTERED PLC
More recommendations
Financials (USD)
Sales 2022 16 001 M - -
Net income 2022 2 819 M - -
Net Debt 2022 - - -
P/E ratio 2022 6,79x
Yield 2022 2,67%
Capitalization 18 562 M 18 562 M -
Capi. / Sales 2022 1,16x
Capi. / Sales 2023 1,06x
Nbr of Employees 83 233
Free-Float 93,4%
Chart STANDARD CHARTERED PLC
Duration : Period :
Standard Chartered PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STANDARD CHARTERED PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 6,42 $
Average target price 9,15 $
Spread / Average Target 42,6%
EPS Revisions
Managers and Directors
William Thomas Winters Group Chief Executive Officer & Executive Director
Andrew Nigel Halford Group Chief Financial Officer & Executive Director
José María Viñals Iñiguez Group Chairman
Roel Louwhoff Chief Technology & Operations Officer
Tracey McDermott Group Head-Conduct, Financial Crime & Compliance
Sector and Competitors