Manila's Metrobank prices rights offer at 50 pesos/shr
MANILA Dec 13 (Reuters) - Metropolitan Bank & Trust Co (Metrobank) (MBT.PS), the Philippines' second-largest bank by assets, said on Monday it has priced its stock rights offer at 50 pesos per share to raise 10 billion pesos ($229 million).
The bank will offer one rights share for every 9.557 common shares held from Jan. 5 to 14.
The offer price carried a steep discount of 29 percent from Friday's close at 70.50 pesos. ($1 = 43.7 pesos)
(Reporting by Erik dela Cruz; Editing by Rosemarie Francisco)
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