StanChart plans dollar hybrid bond -lead

LONDON, May 13 (Reuters) - Standard & Chartered Plc (STAN.L: Quote, Profile, Research) plans to sell a dollar-denominated fixed-rated perpetual hybrid bond, an official at one of the banks managing the sale said on Tuesday.

Credit Suisse, Merrill Lynch, Standard Chartered and UBS are joint lead managers on the deal, which is expected to be launched and priced in the near future, subject to market conditions, the official said.

Standard Chartered Plc is rated A by Standard & Poor's, A3 by Moody's Investors Service and A+ by Fitch Ratings.

(Reporting by Natalie Harrison)