Feb 9 (Reuters) - Philippine Business Bank Inc A Savings Bank:
* BOARD AUTHORIZED MANAGEMENT TEAM TO INITIATE CAPITAL RAISING DISCUSSIONS
* CO TO CONVERT EXISTING PREFERRED SHARES TO COMMON STOCK TO STRENGTHEN BALANCE SHEET‍​
* WILL ALSO LOOK TO RAISE UP TO 10 BILLION PESOS VIA ISSUANCE OF LONG TERM NEGOTIABLE CERTIFICATES OF DEPOSIT‍​ Source text for Eikon: Further company coverage: