BDO Unibank rights issue

BDO Unibank sets rights issue price at 24.9% discount

Investors get to buy new shares at Ps48.60 apiece as the Philippine bank seeks to raise $1 billion through the country’s biggest ever rights offering.
<div style="text-align: left;"> The Philippine Stock Exchange is up 13% in 2012 (AFP) </div>
<div style="text-align: left;"> The Philippine Stock Exchange is up 13% in 2012 (AFP) </div>
June 06, 2012

BDO Unibank, the Philippines’ biggest bank in terms of total assets, has fixed the price for its upcoming rights issue at Ps48.60 per share. The price represents a 24.9% discount to its 15-day volume-weighted average price (VWAP) and will see the bank raise about Ps43.5 billion ($1 billion).

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media