Monday, July 23, 2007

Nigeria's Access Bank to raise $550 mln via offer

(Reuters) - Nigeria's Access Bank Plc on Monday launched a 70 billion naira public share offering to finance growth projects.

The bank will sell 4.73 billion shares at 14.90 naira each to raise tier one capital to 98.39 billion naira -- far above the 25 billion naira minimum set by the regulator.


Read more at Reuters Africa

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