Market News

Wema Bank Plans N20bn Bond Issuance

Wema Bank Plc, which plans to expand its branch network this year, is to issue N20billion ($63 million) in bonds this month, its chief finance officer said on Monday. The bank is issuing local currency bonds after scrapping plans last year to issue a $100 million seven-year dollar bond because of currency risks.

 

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Market News

Wema Bank Plans N20bn Bond Issuance

Wema Bank Plc, which plans to expand its branch network this year, is to issue N20billion ($63 million) in bonds this month, its chief finance officer said on Monday. The bank is issuing local currency bonds after scrapping plans last year to issue a $100 million seven-year dollar bond because of currency risks.

 

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