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                    [ArticleID] => 304190
                    [Title] => Bankard mulls P262-M stock rights offer
                    [Summary] => Credit card service provider Bankard Inc. plans to raise P262 million from a stock rights offering to finance its working capital requirements.


Bankard, a unit of Rizal Commercial Banking Corp., the country’s ninth largest commercial bank in assets, has approved the sale of a total of 262 million unissued common shares at P1 per value.


RCBC Capital Corp. has been appointed as issue manager of the rights offer.


                    [DatePublished] => 2005-10-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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CREDIT CARD DIVISION

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                    [ArticleID] => 304190
                    [Title] => Bankard mulls P262-M stock rights offer
                    [Summary] => Credit card service provider Bankard Inc. plans to raise P262 million from a stock rights offering to finance its working capital requirements.


Bankard, a unit of Rizal Commercial Banking Corp., the country’s ninth largest commercial bank in assets, has approved the sale of a total of 262 million unissued common shares at P1 per value.


RCBC Capital Corp. has been appointed as issue manager of the rights offer.


                    [DatePublished] => 2005-10-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Bankard mulls P262-M stock rights offer

By Zinnia B. Dela Peña | October 29, 2005 - 12:00am

Credit card service provider Bankard Inc. plans to raise P262 million from a stock rights offering to finance its working capital requirements. Bankard, a unit of Rizal Commercial Banking Corp., the country’s...

Business