Manila-based Rizal Commercial Banking Corp. disclosed the entitlement ratio and offer price for its planned 15 billion pesos rights offering.
The bank said June 7 that it will issue 1 rights share for every 2.6132 shares held at 28 pesos apiece. The offering will begin June 25 and end June 29.
The ex-rights date is June 8, while the record date is June 14.
As of June 7, US$1 was equivalent to 52.56 Philippine pesos.
