UnionBank completes P40-B rights offering

By Mayvelin U. Caraballo

May 18, 2022 12:29 am

UNION Bank of the Philippines announced that its P40-billion stock rights offering (SRO) to purchase Citigroup Inc.'s retail operations in the country has been completed.

The lender said in a statement on Friday that the offer was well-received by current institutional and retail investors, with 617.2 million common shares priced at 64.81 per share being issued.

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