UPDATE 1-Commerzbank falls on new share issue price

Newswire

* Commerzbank to issue 2.44 billion shares at 2.18 euros each * Shareholders offered 10 new shares for each 11 held * Priced at 45 percent discount to Friday's close * Proceeds to help repay state aid * Shares fall 5.1 percent, underperforming sector FRANKFURT, May 23 (Reuters) - Shares in Commerzbank fell 5 percent early on Monday after Germany's second biggest lender announced a larger-than-expected 45 percent discount on a sale of new shares. The bank said late on Sunday it ...

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