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South African steel producer Iscor Limited announced on Friday that it had fixed its rights offer share price at R10,92. A statement from the company said this figure constituted a 25 percent discount, determined by affixing the lower of the five- or 15-day weighted average share price, immediately prior to February 28. "The company plans to raise R1,67- billion with the rights issue, which will place an additional 152 million Iscor shares on its register," the statement said. Iscor confirmed that shareholders would be entitled to purchase 52,2 shares at the offer price of R10,92 per ...