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"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper."

- Thomas Jefferson (Letter to Thomas Cooper - Jan. 1814)

Home The News Africa Nigeria's GT Bank Plans $1.3 Bln Debt Issue
Nigeria's GT Bank Plans $1.3 Bln Debt Issue
News - Africa
Written by Reuters   
Tuesday, 04 August 2009 07:41
LAGOS, July 31 (Reuters) - Nigeria's Guaranty Trust Bank (GTB.LG) will seek approval for a 200 billion naira ($1.3 billion) debt issue at an extraordinary general meeting on Aug. 27, it said in a notice published on Friday.

The notice in the This Day newspaper said the tranche sizes and dates of the issue would be determined by the bank directors and gave no details on what the funds would be used for.

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