Standard Chartered PLC SC completes sale of aviation leasing business (2374S)
November 02 2023 - 9:08AM
UK Regulatory
TIDMSTAN
RNS Number : 2374S
Standard Chartered PLC
02 November 2023
Standard Chartered announces completion of sale
of its global aviation finance leasing business to AviLease
2 November 2023, Dublin, London, Hong Kong - Following the
announcement in August 2023 of the sale of our global aviation
finance leasing business to Aircraft Leasing Company ("AviLease"),
Standard Chartered ('the Group') confirms the sale closed today, 2
November 2023. AviLease has acquired the business for cash
consideration of US$0.7 billion and has funded the repayment of
approximately US$2.9 billion of net intra-group financing from the
Group. The Group will benefit from an increase in Common Equity
Tier 1 capital ratio of around 19 basis points, which will be
included in its year end capital position. Completion of the sale
represents significant further progress on the Group's strategic
priorities.
- ENDS -
For further information please contact:
Claire Newell
Head of Communications for UK and Europe
Tel: +44 (0)207 885 8857
Email: Claire.newell@sc.com
Piers Townsend
Global Head of Communications for Corporate, Commercial and
Institutional Banking
Tel: +65 9005 9067
Email: Piers.Townsend@sc.com
Gregg Powell
Global Head of Investor Relations
Tel: +44 (0) 20 7885 5172
Email: Gregg.J.Powell@sc.com
Adnan Akhtar
Head of Sell-Side, Investor Relations
Tel: +44 (0) 20 7885 7255
Email: Adnan.Akhtar2@sc.com
About Standard Chartered
We are a leading international banking group, with a presence in
52 of the world's most dynamic markets, and serving clients in a
further 64. Our purpose is to drive commerce and prosperity through
our unique diversity, and our heritage and values are expressed in
our brand promise, here for good. Standard Chartered PLC is listed
on the London and Hong Kong Stock Exchanges. For more stories and
expert opinions please visit Insights at sc.com . Follow Standard
Chartered on Twitter, LinkedIn and Facebook.
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END
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November 02, 2023 10:08 ET (14:08 GMT)
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