February 9, 2018 / 6:02 AM / 2 months ago

BRIEF-Philippine Business Bank Inc A Savings Bank Board Authorized Capital Raising Discussions

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:

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