Metropolitan Bank and Trust Co. (Metrobank) has set the final terms of its stock rights offering (SRO) seen to raise P60 billion to fund its business operation and expansion.
In a disclosure to the local bourse on Wednesday, the Ty-led Metrobank said it will conduct an SRO to raise 799.8 million shares priced at P75 per share.
Eligible shareholders are entitled to subscribe to a share for every 3.9760 common shares held as of March 21.
The offering will be conducted from March 22 to April 4. — Karl Angelo N. Vidal