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Standard Chartered ( (GB:STAN) ) just unveiled an announcement.
Standard Chartered PLC has announced the issuance of $1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities, set to be issued in January 2025. These securities will be traded on the London Stock Exchange’s International Securities Market, with plans for listing on the Hong Kong Stock Exchange as well. The issuance is structured to strengthen the company’s Tier 1 capital position and involves multiple joint lead managers including Barclays Capital Inc., Goldman Sachs, J.P. Morgan, and others. This move is expected to bolster Standard Chartered’s financial stability and enhance its market position.
More about Standard Chartered
Standard Chartered PLC, incorporated as a public limited company in England and Wales, operates within the financial services industry. The company primarily offers banking and financial services, focusing on markets across Europe, Asia, Africa, and the Middle East.
YTD Price Performance: 0.66%
Average Trading Volume: 6,141
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $30.44B
Learn more about STAN stock on TipRanks’ Stock Analysis page.
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