PHILIPPINES PRESS-Stock exchange okays BPI, PNB rights offerings - Inquirer

Wed Dec 18, 2013 8:21pm EST

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The Philippine Stock Exchange has approved capital-raising activities of two big banks through stock rights offerings early next year: 25 billion pesos ($564 million) for Bank of the Philippine Islands and 15 billion pesos for Philippine National Bank. (link.reuters.com/quq55v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.2700 Philippine pesos) (Compiled by Manila Newsroom; Editing by Anupama Dwivedi)

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