UBS Panhandling at 31% Discount
UBS plans to sell $15 billion new shares at a 31% discount to yesterday's closing price to double the amount of new capital raised from investors.
The discount compares with a 46% markdown offered by RBS in April and a 48% discount for Bradford & Bingley Plc's capital increase earlier this month.
The discount compares with a 46% markdown offered by RBS in April and a 48% discount for Bradford & Bingley Plc's capital increase earlier this month.
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