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BBVA sets price guidance on 2 billion euro rights issue - sources
November 20, 2014 / 7:33 AM / 3 years ago

BBVA sets price guidance on 2 billion euro rights issue - sources

LONDON, Nov 20 (Reuters) - Spanish bank BBVA has set a price guidance on its 2 billion euros ($2.51 billion) rights issue at 8.25-8.30 euros a share with books covered within that range, two sources familiar with the matter said on Thursday.

BBVA, Spain’s second-biggest lender, said on Wednesday it would raise around 2 billion euros through a share sale to fund the purchase of an increased stake in Garanti, one of Turkey’s biggest lenders, in a deal worth $2.5 billion.

1 US dollar = 0.7979 euro Reporting By Freya Berry, editing by Anjuli Davies

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