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Article: Nigeria: First Bank at NSE, seeks support for N500b bond offer.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
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THE Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyiuke has assured the management of First Bank of Nigeria Plc that its proposed N500 billion bond issues will receive positive response from the investing public.
Already, according to the NSE boss, institutional investors are gearing up to embrace the bond, which would be flagged off once the approval of regulatory bodies is secured by the bank.
According to Okereke-Onyiuke, the bond would lift the capital market and the economy in general, adding that the step taken by FBN would encourage other banks to follow suite.
"The bond will fly. Institutional investors are ...