Standard Chartered plans to issue $1 billion in bonds to strengthen regulatory capital base.

Standard Chartered Group plans to issue $1 billion in fixed rate resettable perpetual subordinated convertible securities on November 14th. The net proceeds will be used for general corporate purposes and further strengthen the Group's regulatory capital base. Standard Chartered will apply for the securities to be listed on the International Securities Market of the London Stock Exchange for trading, and will seek approval from the Hong Kong Stock Exchange for the listing and trading of any ordinary shares issued after conversion of the securities.