Monday, July 9, 2007

Nigerian bank GTB to raise $750 mln through GDR

(Reuters) - Nigeria's Guaranty Trust Bank plans to raise $750 million through the sale of Global Depository Receipts (GDRs) to local and international investors, the bank said on Monday.

The bank said in a statement posted on its website that the offer to be listed on the London Stock Exchange will consist of $500 million for foreign investors and $250 million which will be raised locally.


Read more at Reuters Africa

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