To Get Personalised contents and be able to add items to your favourites, please Sign In or Sign Up          
 

Ebonyi to raise N9 billion in bonds


News » Health and Beauty
Nigeria

IMAGE: Ngozi Okonjo Iweala, Finance Minister »

September.18.2014

Ebonyi State  is planning to raise N9.34 billion ($57.32 million) in bonds to refinance its bank debt and complete some development projects.

Nigeria’s Securities and Exchange Commission (SEC) said that the state had applied for its approval to offset existing bank loans from United Bank for Africa (UBA) and fund the building of a market and a government office building.

“The Ebonyi State Government has applied seeking the approval of the Commission to raise funds through the issuance of Bond in the Nigerian CAPITAL MARKET,” the SEC said in a publication on its website, without providing further details.

Article Credit: Businessdayonline

Updated 4 Years ago
 

Find Us On Facebook

Tags:     Ebonyi State     SEC     UBA     Nigerian CAPITAL MARKET

RELATED