Standard Chartered surprisingly delays the launch of its $5.1bn rights issue
Standard Chartered has delayed the launch of its $5.1bn rights issue plan until 13th November, surprising some analysts, who believe it may be because they have not organised their legal filings or other information within the designated time. The deal is expected to be fully underwritten with Temasek, the bank's largest shareholder, taking up a key stake.

Bank says it is deferring the issue by a week to next Wednesday