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Equities
BDO Unibank to seek $1 billion from rights issue in June
The Philippine bank gets the go-ahead for its proposed rights issue and says it will fix the price on June 5 at a discount of up to 20% to 25% versus the 10- to 15-day VWAP.
By
Anette Jönsson
| 28 May 2012
M&A
DBS to pay $4.9 billion for Temasek's Bank Danamon stake
The Singapore bank will also make an offer to minority shareholders at a 52.2% premium to the latest close, which could potentially increase the acquisition cost to $7.2 billion.
By
Anette Jönsson
| 3 April 2012
Equities
Bank Danamon seeks $586 million from rights issue
Indonesia's Bank Danamon sets an indicative price at a 15.8% to 28.1% discount to last Friday's close. The issue will open for subscription in mid-September.
By
Anette Jönsson
| 26 July 2011
Debt
Bank of Baroda and Woori Bank sell 5.5-year bonds
India's Bank of Baroda raises $350 million and Korea's Woori pockets $500 million, both taking advantage of the current steepness in the yield curve between five and six years ...
By
Mei Tuicolo
| 31 March 2010
Corporate
Tech spending at Chinese banks continues to increase
Chinese bank spending on technology will reach $11.3 billion by 2011, says Celent.
By
Edward Russell
| 4 January 2010
Equities
KDIC sells 7% of Woori after placement is upsized
The state agency, which holds Woori shares on behalf of the government, raises $745 million from the sale.
By
Anette Jönsson
| 24 November 2009
Business Moves
US government to hold up to 36% of Citi
The bank aims to convert an additional $27.5 billion of preferred shares held by non-government investors, making an offer that's hard to refuse.
By
Anette Jönsson
| 2 March 2009
Equities
Two more Indian banks launch equity deals
UTI Bank and Central Bank could raise a combined $885 million and are expected to generate good demand owing to India's strong economic outlook.
By
Anette Jönsson
| 18 July 2007
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