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It is one of the foremost Banks returning to the Primary market to source for fresh equity capital as a means of augmenting and sustaining its cutting-edge competitive strategies in information technology and growing demands in real sector financing. The Bank is offering a hybrid Offer of 1.763bn Ordinary Shares of 50k at N38.90k and Rights Issue of 1.655bn Ordinary Shares of 50k at N36.90k.
• According to the Bank in its Offer prospectus, the strategic focus of the Offer is the real sector financing via project & infrastructure finance which accounts for 50 per cent of the expected Offer proceeds...
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