Overview:
- BDO Unibank has raised $1.2 billion from a rights issue of common shares.
- The transactions were said to provide the bank a buffer over higher capital requirements with the imposition of the Domestic Systemically Important Bank (DSIB) surcharge.
- BDO Capital & Investment Corporation, Credit Suisse, UBS, Citigroup Global Markets, Goldman Sachs and HSBC were the joint bookrunners and lead managers.
- Credit Suisse, UBS and BDO Capital were joint global coordinators.
Wai Yee Tsang - Journalist
has priced its P60-billion stock rights offer at a 23.4 percent discount to eligible stock holders. - See more at: http://www.gmanetwork.com/news/story/594580/money/companies/bdo-prices-stock-rights-offer-at-23-4-discount#sthash.oBSXH0B7.dpuf