Maybank prices £1.6bn rights issue

13 Mar 2009

Malayan Banking, Malaysia’s largest bank by assets, priced its up to M$6bn ($1.6bn) rights issue on Monday at a discount of 34.4% to the theoretical ex-rights price (Terp).

Maybank is selling up to 2.21bn new shares to existing shareholders, offering nine new shares for every 20 owned. Bankers ...

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