Commentary & Deal Flow

Reoffer: 3yr: SONIA+50bp / 100

Final Books: £1bn (incl. £145mn JLM Interest). Peak book over £1bn.

Launched: 3yr: £500m @ SONIA+50bp - Books at reoffer above £1.0bn (incl £145mn JLM Interest)
Book Update: Books over £1bn (incl. £145mn JLM interest)
Guidance: 3yr: SONIA+55a

• Issuer: Standard Chartered Bank (Singapore) Limited
• Issuer LEI: 549300MDYVVHJ8D1DW28
• Ticker: STNCSG
• Covered Bond Guarantor: Banzu Covered Bonds Pte. Ltd.
• Issuer Ratings: A1/A+/AA- (Moody's/S&P/Fitch)
• Expected Issue Ratings: Aaa/AAA (Moody's/S&P)
• Format: Reg S, Registered, Global Covered Bonds
• Type: Singapore MAS Regulated Covered Bond, backed by 100% Singaporean residential mortgage loans, ECBC Covered Bond Label Compliant
• Size: £500m
• Pricing Date: 23-Jun-26
• Settlement Date: 30-Jun-26 (T+5)
• Final Maturity Date: Interest Payment Date falling on or nearest to 30-Jun-29 (3yr, soft bullet)
• Extended Due for Payment Date: Interest Payment Date falling on or nearest to 30-Jun-30
• Coupon: Floating, Compounded Daily SONIA +50bps, 5 day Observation Lag, Actual/365 (Fixed), Modified Following, Adjusted. Payable quarterly in arrear on 30 March, 30 June, 30 September and 30 December from, and including, the Issue Date to, but excluding, the Final Maturity Date.
• Coupon after Final Maturity Date: Floating, Compounded Daily SONIA +50bps, 5 day Observation Lag, Actual/365 (Fixed), Modified Following, Adjusted. Payable monthly in arrear on the 30th calendar day in each month, and accruing from, and including, the Final Maturity Date to, but excluding, the Extended Due for Payment Date.
• Re-offer price: 100
• Business Days: London, Singapore, New York
• Denominations: £100k + £1k
• Listing: SGX-ST
• Clearing: Euroclear, Clearstream
• ISIN: XS3412572631
• Common Code: 341257263
• Documentation: Offering Memorandum dated 7-Apr-26 as supplemented by the pricing supplement dated 23-Jun-26
• Governing Law: English law (bond & swap documents) and Singapore law (asset documents)
• Joint Lead Managers: Crédit Agricole CIB, Lloyds, NatWest, RBC Capital Markets, Santander and Standard Chartered Bank
• Billing and Delivery: Standard Chartered Bank
• Advertisement: The Offering Memorandum as well as the Pricing Supplement when available will be available at https://www.sc.com/sg/investors/covered-bonds
• Target Market: Manufacturer target market (MiFID II product governance and/or UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA or UK PRIIPS Key Information Document (KID) has been prepared as not available to retail in the EEA or in the UK.
• Timing: TOE: 1.50 pm UKT / FTT 2.15pm UKT