Lagos - First Bank of Nigeria Limited has concluded plans to raise fresh capital through the issuance of a new Tier-2 subordinated Eurobond as part of efforts to enhance its operations.
To kick start the process, the bank is planning a road show for the bond in London on Thursday, reports ThisDay.
The fresh bond, which is coming after the bank’s highly successful $300 million five-year senior debt issued in 2013, will be between $300 and $500 million.
The bond issue is likely to be managed by Goldman Sachs and Citigroup.
Read more at ThisDay.
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