Sterling Bank to sell PP by end of Q1
Sterling Bank plans to raise $120m with a private placement by the end of Q1 2014, according to a funding officer at the bank. The Nigerian lender will follow the deal up with a multi-currency tier two deal by the end of the year.
“We are in the process of concluding our private placement,” said the funding official. “Investors have been approached and the note will be sold before the end of the first quarter.”
The bank also plans to print a $200m tier two multi-currency note. The deal will be partly
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.