Banca Carige prices 850-mln-euro cash call at 35 pct discount

June 4, 2015 9:02 PM

63 0

MILAN, June 4 Banca Carige said on Thursday Italy's market watchdog had approved the prospectus for its 850 million euro ($955 million) rights issue, adding it was pricing the cash call at a big discount.

In a statement issued late on Thursday, the Genoa-based lender said it would offer new shares in the bank at 1.17 euros each, or at a 35.2 percent discount to the theoretical ex-rights price (TERP) calculated on Thursday's closing price.

Also read: Birdman Calls BS on Tyga's Claim Cash Money Owes Him $12 Million

Read more

To category page