GTCO Seeks SEC Approval For N500bn Offering To Recapitalise GTBank

Guaranty Trust Company Plc (GTCO), the parent company of Guaranty Trust Bank Ltd (GTBank) has filed for the Securities and Exchange Commission’s (SEC) approval for N500bn raise through a multi-currency institutional offering.

The holding company (HoldCo) said in a regulatory filing seen by THE WHISTLER on Friday that the proposed offering will commence by July 2024.