BSI RAISING 50 MLN SWISS FRANCS VIA RIGHTS ISSUE Banca della Svizzera Italiana <BISZ.Z> said it planned a one-for-12 rights issue at 300 pct of nominal value to raise about 50 mln francs new capital. The rights issue would have a theoretical value to shareholders of 140 Swiss francs per bearer share and 45 per registered share. BSI was also seeking shareholder authorization for 200,000 new participation certificates of a nominal value of 100 francs without rights for shareholders, to back future convertible or warrant bonds or for other purposes. Existing 500-franc "B" tranche certificates would be split five-for-one. The split would improve the marketability of the existing certificates, chief executive Giorgio Ghiringhelli told a news conference. The new bearer shares would be priced at 1,500 francs, compared with a closing price last Friday of 3,325 on the Zurich Stock Exchange, while the registered shares would be issued at 300 francs against a market price of 900.