Standard Chartered completes 3.3 billion pound rights issue

11 Dec, 2015 10:28 am

HONG KONG – Standard Chartered said on Friday it raised 3.3 billion pounds through a rights issue.

The Asia-focused lender launched the rights issue last month to bolster its balance sheet and the offer was supported by some of its biggest shareholders, including Singapre state investor Temasek Holdings [TEM.UL], the statement added.

“We will continue to focus on executing our strategy and restore our bank to sustainable, profitable growth, and deliver good returns for our shareholders,” Group CEO Bill Winters said in the statement. -Reuters

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