Standard Chartered on Tuesday said it planned to raise another £1bn from investors through a share placing, primarily to fund growth in Asia. The surprise capital raising, which comes on the heels of a rights issue that raised £1.8bn last December, was unveiled as the Asia-focused bank reported a 10% increase in profit for the first half of 2009. Investors marked down Standard Chartered shares by 74p or more than 5% in afternoon trading.

This entry was posted by Gwen Robinson on Wednesday, August 5th, 2009 at 5:13 and is filed under Capital markets. Tagged with standard chartered. Edit this entry.