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PRL allowed to proceed with stock rights offering

PHILIPPINE Stock Exchange (PSE) has given Robinsons Land Corp. (RLC) the greenlight to proceed with a stock rights offering worth up to P20 billion. In a disclosure to the stock exchange on Friday, the Gokongwei-led property developer said the issuance was approved by the PSE on Jan. 10. This will allow the company to offer […] The post PRL allowed to proceed with stock rights offering appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 12th, 2018

PRL allowed to proceed with stock rights offering

PHILIPPINE Stock Exchange (PSE) has given Robinsons Land Corp. (RLC) the greenlight to proceed with a stock rights offering worth up to P20 billion. In a disclosure to the stock exchange on Friday, the Gokongwei-led property developer said the issuance was approved by the PSE on Jan. 10. This will allow the company to offer […] The post PRL allowed to proceed with stock rights offering appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2018

SBS Philippines receives PSE approval for stock rights offer

SBS Philippines Corp. has secured approval from the Philippine Stock Exchange to proceed with its stock rights offering. In a disclosure to the stock exchange on Thursday, the listed firm said it received notice that the PSE’s board of directors approved the offering of up to 302 million common shares last Oct. 25. SBS Philippines […] The post SBS Philippines receives PSE approval for stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 2nd, 2017

RCBC finalizes terms of P15-billion rights offer

Yuchengco-led Rizal Commercial Banking Corp. has finalized the terms of its planned P15 billion stock rights offering set to kick off by the end of June......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2018

DoubleDragon follow-on offer to raise up to P6 billion

DoubleDragon Properties Corp., the property company of Mang Inasal founder Edgar “Injap” Sia and Jollibee chairman Tony Tan Caktiong, will proceed with its follow-on offering after getting the green light from the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsMay 31st, 2018

DoubleDragon secures PSE approval for P6-billion follow-on offering

DOUBLEDRAGON PROPERTIES Corp. has secured approval from the Philippine Stock Exchange (PSE) to proceed with its follow-on offering worth up to P6 billion. The post DoubleDragon secures PSE approval for P6-billion follow-on offering appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 30th, 2018

RCBC’s stock rights offering plan OK’d

The Philippine Stock Exchange (PSE) has approved a plan of Yuchengco-led Rizal Commercial Banking Corp. to raise as much as P15 billion through the sale of new shares to existing investors.   RCBC plans to sell up to 540 million new common shares at a price to be set by June 7, based on the offer term sheet posted by the PSE.   The entitlement ratio has yet to be firmed up.   The stock rights offering will run on June 25 to 29. The tentative listing date for the new shares is Aug. 3.   Credit Suisse (Singapore) Ltd. and UBS AG were tapped as joint global coordinators, joint bookrunners and international underwriters for this offering. RCBC Capi...Keep on reading: RCBC’s stock rights offering plan OK’d.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

UnionBank to conduct P10-B SRO in July

UNIONBANK of the Philippines, Inc. is set to conduct its P10-billion stock rights offering (SRO) in July, which will raise additional capital for the lender’s growth. UnionBank Chief Financial Officer and Treasurer Jose Emmanuel U. Hilado said the lender will conduct its SRO in “July of this year.” “That was recently approved by the board. […] The post UnionBank to conduct P10-B SRO in July appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 25th, 2018

East West Bank plans P10B stock rights offer

Gotianun-led East West Bank plans to go back to the local capital market to support balance sheet expansion by the third quarter with an offering of P10 billion worth of shares to existing sharehol.....»»

Category: newsSource:  philippinetimesRelated NewsMay 7th, 2018

BPI raises P50 billion from stock rights offering

BANK OF THE Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a disclosure to the local bourse on Wednesday, the Ayala-led BPI said it has completed its rights offering and sold 558.7 million common shares priced at P89.50 apiece. Eligible shareholders were […] The post BPI raises P50 billion from stock rights offering appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

BPI raises P50 billion from stock rights offer

Bank of the Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a disclosure to the local bourse on Wednesday, May 2, the Ayala-led BPI said that it has completed its P50-billion rights offering, which sold 558.7 million common shares priced at P89.50 […] The post BPI raises P50 billion from stock rights offer appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 3rd, 2018

Earmarks P50 Billion on Four Strategic Priorities in 2018

The Bank of the Philippine Islands (BPI) will allocate approximately P50 billion from its stock rights offering (SRO) on four strategic opportunities that will help the Bank in its expansion in 2018 and in the coming years. “Our client base has grown by about half a million to 8.5 million in 2017. Of all Filipinos […].....»»

Category: newsSource:  metrocebuRelated NewsApr 26th, 2018

Metrobank raises P60b from the offering of stock rights

Metrobank raises P60b from the offering of stock rights Source link link: Metrobank raises P60b from the offering of stock rights.....»»

Category: newsSource:  manilainformerRelated NewsApr 13th, 2018

Metrobank raises P60B from SRO

METROPOLITAN BANK & Trust Co. (Metrobank) has completed its stock rights offer (SRO), raising P60 billion to fund its business operations and expansion. In a disclosure to the local bourse on Thursday, the Ty-led Metrobank announced that it has completed its P60-billion rights offering, through which it sold 799.8 million common shares priced at P75 […] The post Metrobank raises P60B from SRO appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

BPI brings down price of new shares

Ayala-led Bank of the Philippine Islands (BPI) has firmed up its P50-billion stock rights offering at a price of P89.50 apiece, allowing existing shareholders to gobble up more shares at cheaper-th.....»»

Category: newsSource:  manilanewsRelated NewsApr 3rd, 2018

BPI s stock rights offer priced at P89.50 each

INQUIRER file photo Ayala-led Bank of the Philippine Islands (BPI) has firmed up its P50-billion stock rights offering at an offer price of P89.50 per share. As the offer price marked a 23-percent.....»»

Category: newsSource:  philippinetimesRelated NewsApr 3rd, 2018

BPI sets pricing, terms for stock rights offering

By Karl Angelo N. Vidal BANK of the Philippine Islands (BPI) has set the final terms for its stock rights offering (SRO) where it is looking to raise P50 billion to fund its business expansion. In a disclosure to the local bourse on Monday, the Ayala-led BPI said it will offer 558.7 million common shares […] The post BPI sets pricing, terms for stock rights offering appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 2nd, 2018

BPI SRO plan ‘credit positive’

MOODY’S INVESTORS Service said the P50-billion stock rights offering (SRO) to be conducted by the Bank of the Philippine Islands (BPI) is credit positive as this will bolster the lender’s capital buffers. “Based on our estimates, the rights issuance would add about 380 basis points to the bank’s common equity Tier 1 (CET1) ratio of […] The post BPI SRO plan ‘credit positive’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 27th, 2018

Metrobank’s P60-B SRO ‘credit positive’ — Moody’s

MOODY’S INVESTORS Service tagged the stock rights offering (SRO) to be conducted by Metropolitan Bank & Trust Co. (Metrobank) as “credit positive” for the lender as this will boost its capital buffers. “Based on our estimates, the rights issuance would add about 390 basis points to the bank’s common equity Tier 1 (CET1) ratio of […] The post Metrobank’s P60-B SRO ‘credit positive’ — Moody’s appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2018

SMPFC defers follow-on offering to 2nd half

SAN MIGUEL Pure Foods Company, Inc. (SMPFC) is pushing back a planned follow-on offering (FOO) to the second half of the year. The enlarged SMPFC’s proposed share sale of P100-150 billion may happen in the “third or fourth quarter” to give investors a chance to digest the slew of stock rights offerings (SRO) in the […] The post SMPFC defers follow-on offering to 2nd half appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 19th, 2018

BPI wins approval from PSE for up to P50-B rights offer

BANK of the Philippine Islands (BPI) said it obtained approval from the Philippine Stock Exchange (PSE) to conduct a stock rights offering (SRO), with the proceeds to help fund to fund its business expansion. In a disclosure to the bourse on Friday, BPI said the PSE approved its rights offering to raise up to P50 […] The post BPI wins approval from PSE for up to P50-B rights offer appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 16th, 2018