East West Banking Corp. said on Tuesday it will issue this month P8 billion worth of stock rights involving 371 million shares at P21.53 per share to raise funds for investment this year.
It said in a statement the price was based on the computed volume-weighted average price of East West’s common shares during the 15 consecutive trading days immediately prior to pricing date, subject to a 12.8 discount.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.