SINGAPORE (Dow Jones)--Standard Chartered PLC (STAN.LN) is considering a $3 billion rights issue which may announced as early as Monday, two people familiar with the situation said.
"It could come as early as today or the latest in the next few days. It will be around $3 billion and will likely be priced below 600 pence per share," one of those people told Dow Jones Newswires
Another person said Singapore state investment company Temasek Holdings will seriously consider participating in the share issue.
"How much they may take up depends on how much StanChart offers them," the second person said.
Temasek is StanChart's biggest investor with a stake slightly more than 18%. "It is inappropriate for us to comment on market speculation," a Temasek spokesperson said.
StanChart could not be immediately reached for comment.
"It could come as early as today or the latest in the next few days. It will be around $3 billion and will likely be priced below 600 pence per share," one of those people told Dow Jones Newswires
Another person said Singapore state investment company Temasek Holdings will seriously consider participating in the share issue.
"How much they may take up depends on how much StanChart offers them," the second person said.
Temasek is StanChart's biggest investor with a stake slightly more than 18%. "It is inappropriate for us to comment on market speculation," a Temasek spokesperson said.
StanChart could not be immediately reached for comment.
