+ Follow SPINNAKER CAPITAL Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 449105
[Title] => US fund manager pulls out of RCBC
[Summary] => Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
[DatePublished] => 2009-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 387409
[Title] => RCBC sets P10-B share offer
[Summary] =>
Rizal Commercial Banking Corp. (RCBC) will embark on a domestic and international roadshow to sell up to 250 million new common shares and raise about P10 billion in fresh capital.
RCBC said the offer price has yet to be fixed by March 15. The bank’s stocks closed yesterday at P41.50 each, up 6.4 percent from Wednesday’s close of P39.
[DatePublished] => 2007-03-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 379539
[Title] => RCBC to issue 250M new shares as part of capital buildup
[Summary] =>
The Yuchengco-ledRizal Commercial Banking Corp. (RCBC) will issue 250 million new common shares through an additional public offering as part of its strategic capital buildup.
The offering will consist of a primary offer of new shares coming from the bank’s authorized but unissued common shares.
The shares will be offered at a discount to the volume-weighted average price of the shares on the Philippine Stock Exchange within 10 days of a stipulated period.
[DatePublished] => 2007-01-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 374279
[Title] => RCBC to raise capital to P1.1B
[Summary] =>
Rizal Commercial Banking Corp. (RCBC) is planning to increase its authorized capital by the first quarter next year to P1.1 billion worth of common shares from the present P400 million. The Yuchengco-owned commercial bank recently converted P1 billion worth of preferred shares into common shares.
The preferred shares conversion was programed along with the raising of $100-million non-cumulative step-up callable perpertual (hybrid) securities recognized as Tier 1 capital.
[DatePublished] => 2006-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 368128
[Title] => RCBC’s Japanese partner sells 17% stake to US fund
[Summary] =>
Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group.
RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday.
[DatePublished] => 2006-11-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
SPINNAKER CAPITAL
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 449105
[Title] => US fund manager pulls out of RCBC
[Summary] => Spinnaker Capital Group is pulling out its investments in the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) worth about P2.25 billion, equivalent to over 148 million shares.
[DatePublished] => 2009-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 387409
[Title] => RCBC sets P10-B share offer
[Summary] =>
Rizal Commercial Banking Corp. (RCBC) will embark on a domestic and international roadshow to sell up to 250 million new common shares and raise about P10 billion in fresh capital.
RCBC said the offer price has yet to be fixed by March 15. The bank’s stocks closed yesterday at P41.50 each, up 6.4 percent from Wednesday’s close of P39.
[DatePublished] => 2007-03-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 379539
[Title] => RCBC to issue 250M new shares as part of capital buildup
[Summary] =>
The Yuchengco-ledRizal Commercial Banking Corp. (RCBC) will issue 250 million new common shares through an additional public offering as part of its strategic capital buildup.
The offering will consist of a primary offer of new shares coming from the bank’s authorized but unissued common shares.
The shares will be offered at a discount to the volume-weighted average price of the shares on the Philippine Stock Exchange within 10 days of a stipulated period.
[DatePublished] => 2007-01-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 374279
[Title] => RCBC to raise capital to P1.1B
[Summary] =>
Rizal Commercial Banking Corp. (RCBC) is planning to increase its authorized capital by the first quarter next year to P1.1 billion worth of common shares from the present P400 million. The Yuchengco-owned commercial bank recently converted P1 billion worth of preferred shares into common shares.
The preferred shares conversion was programed along with the raising of $100-million non-cumulative step-up callable perpertual (hybrid) securities recognized as Tier 1 capital.
[DatePublished] => 2006-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 368128
[Title] => RCBC’s Japanese partner sells 17% stake to US fund
[Summary] =>
Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group.
RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday.
[DatePublished] => 2006-11-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
