The Central Bank of Nigeria is planning to auction N100bn in bonds with tenors ranging from three years to 20 years at the auction next Wednesday, the Debt Management Office has said. The DMO said on Thursday that it would offer N15bn in three-year, N50bn in 10-year and N35bn in […]
Capital Market
Stanbic IBTC Seek N30 billion Tier II Capital
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 […]
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 […]
