Standard Chartered Plans To Issue $3 Billion Rights Issue

According to relevant media reports, Standard Chartered plans to issue a $3 billion rights issue to ease investors' concerns about whether the seal can withstand the impact of the financial crisis.

According to reports, Standard Chartered shares are expected to issue a price of 400 pence per share, nearly half of Standard Chartered's 759.5 pence.

Earlier, Santander of Santander announced a plan to raise 7 billion 200 million euros through rights issue.

In October, after the British government announced plans to inject 37 billion pounds into the three largest banks in the country, Standard Chartered claimed that the bank's capital level was in line with regulatory requirements.

But with the spread of the financial crisis, analysts and investors doubt whether Standard Chartered has sufficient capital reserves.