Shareholders in Standard Chartered, the London listed but Asia focussed bank, have almost all backed its £1.8bn cash call.
The bank received applications representing nearly 97% of the 390p a share, 30 for 91 rights issue. The rest of the shares were successfully placed in the market at 760p each.
Standard said the money would be used to bolster its capital base and give it firepower for acquisitons. The acceptance level far outweighed those achieved by the likes of Royal Bank of Scotland.
In the market Standard's shares have slipped 12p to 749p, as worries about a slowdown in Asia soured sentiment.
Meanwhile HSBC continued its decline, down another 41.5p to 630.5p on concerns it too may need a capital raising or might cut its dividend. An Asian slowdown would also hit the bank, while its US business could suffer in a near-zero interest rate environment.
