Bloomberg.com, 24 Nov 2008, Luo Jun
Nov. 24 (Bloomberg) -- Standard Chartered Plc, the third- biggest U.K. bank, fell in Hong Kong after a media report that it plans to raise $3 billion in a rights offer at a 47 percent discount to the current market price to bolster capital.
The London-based bank may announce the issue today, the Financial Times reported, without saying where it obtained the information. The offer is expected to be priced at about 400 pence a share, the report said. Fiona Chan, a Hong Kong-based spokeswoman, declined to comment on ``media speculation,'' when called by Bloomberg.
Temasek Holdings Pte, which is the biggest shareholder in the bank with 18.8 percent, declined to comment in an e-mailed statement today.
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