(Bloomberg) -- Guaranty Trust Bank Plc, Nigeria's
fifth-largest lender by market value, plans to sell stock in
London to fund growth.
Lagos, Nigeria-based Guaranty will offer $750 million of
shares, three people with knowledge of the transaction said. The
lender intends to raise $500 million from international investors
by selling global depositary receipts and the rest from
Nigerians, said the people, who declined to be identified because
the details are private.
Read more at Bloomberg Emerging Markets News
fifth-largest lender by market value, plans to sell stock in
London to fund growth.
Lagos, Nigeria-based Guaranty will offer $750 million of
shares, three people with knowledge of the transaction said. The
lender intends to raise $500 million from international investors
by selling global depositary receipts and the rest from
Nigerians, said the people, who declined to be identified because
the details are private.
Read more at Bloomberg Emerging Markets News
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