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Rizal Commercial Banking discloses entitlement ratio, price for rights offer

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Rizal Commercial Banking discloses entitlement ratio, price for rights offer

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.