Latest news with #GuarantyTrustHoldingCo
Bloomberg
6 days ago
- Business
- Bloomberg
Citigroup Says Capital Markets Reopening to African Borrowers
African borrowers are regaining access to international capital markets, offering governments and companies a fresh opportunity to diversify their funding sources after years of being locked out, according to Citigroup Inc. 'With rates coming down now, I think the markets are reopening to African issuers, namely the European markets,' Miguel Azevedo, managing director and vice-chair of investment banking for Middle East & Africa at Citigroup, said at the EurAfrican Forum near Lisbon on Friday. He cited an international share sale this month by Guaranty Trust Holding Co. of Nigeria, the lender's first such offering, as an example.
Bloomberg
03-07-2025
- Business
- Bloomberg
Nigeria's GTBank to Raise $100 Million Selling Shares in UK
Guaranty Trust Holding Co., the parent company of Nigeria's biggest lender by market value, will list in the UK after raising $100 million in a share sale, it said in a regulatory filing GTCO is selling shares to institutional and qualified investors as part of an ongoing effort to recapitalize its main subsidiary, Guaranty Trust Bank Plc. That's in line with a Central Bank of Nigeria requirement that all lenders with international banking licenses raise their equity capital to a minimum of 500 billion naira ($327 million) by March 2026.
