Nigeria's UBA issues 35 bln naira debt at 14 pct

Nigeria's UBA issues 35 bln naira debt at 14 pct

Wednesday December 7, 2011 10:50am
 

 

Nigerian lender United Bank for Africa (UBA) said on Wednesday it had issued a 35 billion naira ($217 mln) bond paying a 14 percent coupon, the second tranche of a 400 billion naira debt issuance program launched in October last year.
 

The debt matures in 2018, the bank said in a notice.
 

($1 = 161.5500 naira)    

Source: Reuters  (Reporting by Chijioke Ohuocha)


Tags

Comment With Your Facebook or Yahoo! ID

Navigation

Social Media