Nigeria’s first-tier lender, Guaranty Trust Holding Company Plc is seeking shareholders’ approval to raise $750m (N922.5bn at N1230/$) capital to meet the new capital requirement set by the Central Bank of Nigeria.
The lender said in a filing seen by THE WHISTLER that the $750m capital will be raised through the issuance of securities comprising ordinary shares, preference shares, convertible and/or non-convertible notes, bonds or any other instruments.
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