BDO Unibank $1.2 billion rights issue

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