Philippine IPO

East West Banking is set to raise $106 million from Philippine IPO

The mid-sized bank fixes the price at the low end after the institutional tranche is about two times covered.

<div style="text-align: left;"> The Philippines Stock Exchange (AFP) </div>

April 19, 2012

East West Banking Corp, a medium-sized commercial bank in the Philippines, has set the price of its initial public offering at the bottom of the range and is set to raise Ps4.5 billion ($106 million) ahead of its listing on May 7.

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