HSBC Holdings PLC (HBC) hasn't submitted a bid for Royal Bank of Scotland Group PLC (RBS) Asian assets, a person familiar with the transaction said Wednesday.

HSBC and Standard Chartered PLC (STAN.LN) were both reported to be interested in bidding for the assets that were put up for sale in February as part of RBS's plan to dispose of non-core activities.

Standard Chartered declined to comment.

The Australia and New Zealand Banking Group Ltd. (ANZ.AU) said Wednesday it will raise up to A$2.85 billion to help fund a bid for RBS Asian assets.

-By Ragnhild Kjetland; Dow Jones Newswires; +44 207 842 9268; ragnhild.kjetland@dowjones.com

(Vladimir Guevarra contributed to this item.)
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