Standard Chartered stock: what to watch after SGD 750m AT1 plan and fresh buyback
Standard Chartered shares fell 0.66% to 1,794.5 pence on Jan. 9. The bank announced a SGD 750 million Additional Tier 1 capital raise, with issuance set for Jan. 15 at a 4.3% fixed rate. It also bought back 552,732 shares at 1,803.27 pence each, planning to cancel them. Investors await U.S. inflation and UK GDP data ahead of the bank’s Feb. 24 results.