October 26 2009
Lloyds will ask shareholders to buy 11.5 billion pounds of stock in a rights offering and present plans to convert 11 billion pounds of subordinated debt into equity.
October 23 2009
The struggling South Korean subsidiary of General Motors said Friday it has secured more than 400 million dollars in new funds through a rights offering, but its US parent was the sole subscriber.
October 17 2009
State-run Korea Development Bank (KDB) said it would not participate in a rights offering of the South Korean unit of General Motors if the U.S. carmaker did not meet its request for financial aid to GM Daewoo.
October 15 2009
The chief executive of General Motors Co. reiterated on Thursday that the U.S. automaker would join a rights offering by its struggling South Korean unit, but gave no hint whether GM would put in as much as the unitâ€™s biggest creditor wants.
October 13 2009
Singapore’s K-Reit seeks $444 million at a tight 11.8% discount to Terp, while Hong Kong-listed New World China is attempting to raise at least $630 million at a 29.2% discount to Terp
October 10 2009
The Securities and Exchange Commission has approved listed Security Bank Corp.â€™s plan to sell P2.5 billion worth of shares to stockholders to raise funds.
October 06 2009
Societe Generale SA, Franceâ€™s second- largest bank by market value, will seek 4.8 billion euros ($7.1 billion) in a rights offer to repay the French state and purchase a stake in Credit du Nord.
October 05 2009
South Korea’s No.4 banking group Hana Financial (086790.KS), whose two biggest shareholders are Singapore wealth fund Temasek and Goldman Sachs (GS.N), said it may raise capital via a new share sale, fuelling talk of financial sector consolidation and knocking Hana’s shares down almost 15%.