Guaranty Trust Holding Company Plc has unveiled plans to raise $750 million through a rights issue.
The company disclosed this in a notice of the Annual General Meeting filed by the Group General Counsel/ Company Secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group (NGX) Friday.
The GTCO plans to raise the additional capital of up to $750 million through the issuance of securities comprising ordinary shares, preference shares, convertible and/or non-convertible notes, bonds or any other instruments in the Nigerian and/or international capital markets.
