Standard Chartered raises $530 million

STANDARD Chartered has raised about $530 million (£367m) after pricing its Indian depositary receipts (IDRs) towards the lower end of the indicated range yesterday in the first issue of its kind.

By The Newsroom

Published 30th May 2010, 22:35 BST

Updated 31st May 2010, 01:48 BST

The London-based, Asia-facing bank will list the IDRs on local stock exchanges on 11 June. The move comes despite volatile global markets.

London