The remainder would be raised as new equity through a rights issue to shareholders.

The company is also seeking to raise new equity from its current shareholders.

Through August of, companies raised $3.8 billion from issuing new equity.

No value could be placed on the new equity.

Both the public and private markets for new equity have shrunk.

But when that new equity fell through, all prices collapsed to around 20%.

This would not involve any new equity or funding for the company.

Financing comes from three sources, internal funds, debt and new equity.

Later investments increased the total new equity raised to $565 million.

The fact that three major bank holding companies are issuing new equity could put pressure on other leading banks to follow.