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CWB - Canadian Western Bank News Story

C$26.52 -0.1  -0.2%

Last Trade - 5:25pm

Sector
Financials
Size
Mid Cap
Market Cap £1.37bn
Enterprise Value £3.22bn
Revenue £520.7m
Position in Universe 160th / 2679

BRIEF-CWB announces $125 mln bought deal offering of common shares

Thu 16th June, 2016 9:11pm
June 16 (Reuters) - Canadian Western Bank  CWB.TO  
    * CWB announces $125 million bought deal offering of common 
shares 
    * Common equity Tier 1 ratio was 8.2 pct as of April 30, 
2016 
    * Canadian Western Bank says underwriters have agreed to 
purchase, on a bought deal basis, an aggregate of 5.1 million 
shares at $24.50 per share 
    * Estimates that its common equity tier 1 ratio would be 
approximately 8.8 pct as at April 30, 2016 after giving effect 
to offering 
    * CWB Franchise finance portfolio purchase is expected to 
reduce CWB's common equity Tier 1 ratio by about 15 basis points 
when it closes in Q3 
 
Source text for Eikon:  ID:nCCN4gwMDd  
Further company coverage:  CWB.TO  
 
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