Fidelity Bank moves to grow its trade finance war chest
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October 20, 2021542 views0 comments
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Approaches international debt market for $500m
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Plans trading Eurobond on Irish Exchange
The financial institution in a statement filed to the Nigerian Exchange (NGX) noted that the proceeds from the capital raising are intended to be used for general corporate purposes, including supporting its trade finance business. The move is being interpreted to show that Nigerian banks have begun a journey into the Eurobond market ahead of the implementation of the Basel III agreement.
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