Standard Chartered to Issue FPO in Premium

January 13: Standard Chartered Bank is issuing further public offering (FPO) of Rs 3.30 billion. The 30^th annual general meeting of the bank held on December 15 approved a proposal of issuing the FPO. The bank is issuing the 2,558,140 units of FPO with a face value of Rs 100 with a premium of Rs 1,190. According to the bank, it is issuing the FPO to meet the paid-up capital cap of Rs 8 billion as per the NRB directive.