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BDO concludes P60-billion rights offer

Sunnexdesk

​BDO Unibank, Inc. completed its P60-billion rights offering of common shares following the close of the offer period on Jan. 24. This represents another milestone for the bank, with the transaction considered the largest equity capital markets transaction by a Philippine corporate entity to-date. ​​The offer saw strong participation from the bank’s domestic and international investors and was oversubscribed. At the listing date, 716,402,886 rights shares are expected to be issued at a price of P83.75 each. PR

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