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STANCHART Intends to Issue USD1B Convertible Securities
STANCHART (02888.HK) announced that it intends to issue USD1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities on 8 June 2026, with an initial f...
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STANCHART (02888.HK)  +0.200 (+0.097%)    Short selling $3.08M; Ratio 0.954%   announced that it intends to issue USD1 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities on 8 June 2026, with an initial fixed interest rate of 7% and a conversion price of USD26.379 per share. The securities may be fully converted into 37.9089 million ordinary shares.

The net proceeds from the issuance of the Securities are expected to be USD992 million, which will be used for the general business purposes of the Group and to strengthen further the regulatory capital base of the Group.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)

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