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Bankers confident of 93% take up of Standard Chartered deal

Standard Chartered, the emerging market specialist bank, is expected to announce at least 93% take-up of its rights issue by shareholders tomorrow, in contrast to its UK rivals, which have had more difficulty winning market support for their capital raisings.

Standard's shares were trading at 763p at 11.00 GMT today, the deadline for shareholders to subscribe to the rights issue, well above the 390p price at which new shares were issued.

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