Chase Manhattan Corp. plans to issue $600 million in preferred stock, the single largest component of an 18-month campaign to build capital.

In a shelf filing with the Securities and Exchange Commission, Chase said proceeds would be used to repay debt and for general corporate purposes.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.