Agence France-PresseMay 14, 2013 03:15
Commerzbank, Germany's second-biggest bank, said Tuesday the subscription price for new shares in its planned capital increase has been set at 4.50 euros ($5.85) apiece, meaning it stands to raise up to 2.5 billion euros in all.
Commerzbank said in a statement that it is issuing a total 555.5 million new shares.
The capital increase is taking the form of a so-called rights issue where existing shareholders can apply for the new shares.
For every 21 shares held, shareholders can apply for 20 new shares, the statement said.