Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its public offer to raise N400.5 billion. The offer consists of 9 billion ordinary shares priced at N44.50 each. The Securities and Exchange Commission (SEC Nigeria) has cleared the offer prospectus and registered the shares. The net proceeds from this offer will be used to recapitalize […]
15
MayGTCO, the parent company of Guaranty Trust Bank, plans to raise $750 million by listing additional shares on the Nigerian and London Stock Exchanges. This move aims to meet and surpass the new working capital requirement set by the Central Bank in February 2024. The decision on whether the shares and bonds will be issued in tranches,[…]
