EastWest Bank disclosed that it has secured the approval from its Board to issue up to P10 Billion worth of securities. The said undertaking will ensure EastWest’s compliance with Basel III requirement by January 01, 2014. The Bank said that it is still determining the type of product that it will issue as well as the timing of the issuance.

Related articles:

http://business.inquirer.net/144877/ew-bank-increasing-capital-by-p10b

http://www.philstar.com/business/2013/09/28/1238858/eastwest-bank-raising-p10b

http://www.bworldonline.com/content.php?section=Finance&title=EastWest-raising-capital-to-ensure-Basel-III-compliance&id=77125

http://manilastandardtoday.com/2013/09/28/east-west-bank-gets-nod-to-raise-p10b/

http://www.interaksyon.com/business/71659/east-west-bank-board-approves-p10-billion-fund-raising