Kenya: Stanchart Targets Sh3.2 Billion in Rights Issue

3 October 2012

STANDARD Chartered has launched its rights issue targeting to raise Sh3.2 billion to strengthen its capital position as it embarks on growth of its business.

The bank will offer one share for every 13 held at a price of Sh145 per share during the rights issue which is set to open on October 9 and close on October 26. Thereafter the shares will start trading on November 27.

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