June 17, 2016 / 2:08 PM / in a year

BRIEF-CWB announces increase to previously announced bought deal offering

June 17 (Reuters) - Canadian Western Bank :

* Underwriters have agreed to purchase, on a bought deal basis, an aggregate of 6.1 million shares from cwb at a price of $24.50per share

* Cwb franchise finance portfolio purchase expected to reduce common equity tier 1 ratio by about 15 basis points on closing in q3

* Cwb announces increase to previously announced bought deal offering to a $150 million offering of common shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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