Based on its preliminary offer terms sheet submitted to the Philippine Stock Exchange, the bank is offering up to 450 million rights shares to eligible shareholders at a price range of P33.73 to P38.23 per share.
The offer price was determined by computing the volume-weighted average price of UnionBank's common shares on the PSE for each of the 15 consecutive trading days immediately prior to and excluding May 2, and applying a discount of 15 to 25 percent.
The final price will be determined on May 8, while the offer period will be from May 16 to May 24.
CLSA Exchange Capital Inc. and Unicapital Inc. are the joint underwriters for the fundraising activity.
This story is from the April 23, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 23, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
ADB urged to boost climate financing to $11.5 B
TBILISI – The Asian Development Bank (ADB) needs to ramp up its climate financing to at least $11.5 billion annually as vulnerable economies continue to take the hit of the impact of worsening climate change.
NU wants finals slot - here and now
National U trailed rival La Salle and dark horse Santo Tomas early on for what was a dim picture of its title redemption tour.
Non-banks' domestic claims up by 15% in Q4
The domestic claims of nonbank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP).
Gen Z more into buy now, pay later schemes - survey
The use of buy now, pay later (BNPL) services is on the rise in the Philippines, with the biggest increase observed among Gen Z consumers, according to a study from global information and insights company TransUnion.
NLEX spending P9 B for C5 link, road widening
North Luzon Expressway (NLEX) Corp. will spend nearly P9 billion for the construction of a direct access to C-5 Road and the expansion of a certain portion of its tollway.
Gokongwei anchor firms RLC, URC post strong Q1 earnings
The property development arm and the food and beverage unit of the Gokongwei Group posted robust earnings in the first quarter as sales improved across all their business divisions.
BSP tightens rules on reporting threats
Banks must report incident within 24 hours
HOTSHOTS STRIKE BACK
After coughing a franchise all-time low 51 last time, Magnolia returned with sharpened weapons and doubled its scoring output in an atonement performance that led to quarterfinal qualification.
China launches first probe from far side of Moon
WRENCHING (AFP) – China launched a probe yesterday to collect samples from the far side of the Moon, a world fi rst as Beijing pushes ahead with an ambitious program that aims to send a crewed lunar mission by 2030.
Israel confirms death of hostage held in Gaza
JERUSALEM (AFP) – An Israeli man held hostage in Gaza since the Oct. 7 Hamas attack has been confirmed dead, the government and the kibbutz where he had lived said early yesterday.
