Tuesday May 13, 10:21 AM
StanChart picks banks for hybrid issue -source
HONG KONG, May 13 (Reuters) - Standard Chartered Plc has
chosen Credit Suisse , Merrill Lynch , Standard Chartered and
UBS to manage a dollar-denominated perpetual hybrid security issue, a
source close to the deal said on Tuesday.
Details of the offering, which is to be launched in the "near future", were
yet to be decided.
Standard Chartered is rated A3 by Moody's Investors Service and A by
Standard & Poor's Ratings Services.
(Reporting by Umesh Desai; editing by Ken Wills)
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