Philippine National Bank sets price on rights issue

Philippine National Bank (PNB) has announced the offer price for its stock rights offering.

  • By Gina Lee
  • 17 Jun 2019

The issue of up to 277m shares will be priced at Ps43.38 ($0.83) per share, according to a stock exchange announcement dated last Friday, with the fundraising exercise expected to raise gross proceeds of up to Ps12bn ($230.41m) for PNB. 

Each rights share is worth 4.516 shares. The stock ...

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