Summary by Futu AI
Standard Chartered Group Limited (the “Company”) announced that it will issue a total of $1,000,000,000 fixed rate reset perpetual repayable or convertible securities on March 8, 2024. The securities will be applied for trading on the International Securities Market of the London Stock Exchange and the Hong Kong Stock Exchange Limited. The securities issued will be provided by Standard Chartered as architecture advisor, Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Standard Chartered are co-lead operators. The purpose of issuing securities is for the general business purposes of the Group and to further strengthen the Group's regulatory capital base. If the full number of securities is converted, approximately 121,713,729 shares...Show More