By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian mid-tier lender, Stanbic IBTC on Thursday said it is seeking to raise N30 billion in Tier II capital according to a Reuters report. The report said Sola David-Borha, chief executive officer (CEO) of the mid-tier lender confirmed the capital raise during an analysts conference […]
Author: InvestAdvocate
Ecobank’s Nigeria Unit Sells $200 Million in Notes for Capital
Ecobank Transnational Inc. (ETI)’s unit in Nigeria sold $200 million of dated subordinated notes due in 2021 to join lenders in Africa’s largest economy raising funds through debt sales. The issuance has a yield of 9 percent and a coupon of 8.75 percent, according to information from a person with […]
Etisalat, IHS in Sale/Lease-Back Deal of 2,136 Towers
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Etisalat Nigeria on Thursday said it will sell 2,136 of its towers to Nigeria’s telecom service providers HIS Plc and lease them back as part of plans to expand its coverage in the country which will leave IHS owning and managing over 6,540 towers in […]