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MBB [M-PF +2.6%] - MBB completes significant equity raising for retooling loan book

MBB on 18 Sep 2015 completed the last leg of a USD197.2m capital raising program (equivalent to a 34% enlargement of shares outstanding) and in doing so completed the largest injection of fresh capital into the banking system since the 20% acquisition of CTG by MUFJ in 2012 (significantly larger than BID’s current rights issue or this year’s sale of 13.2% in Saigon Commercial Bank to two British investors).