United Bank for Africa Plc (UBA),says it has raised $300 million through the issuance of a new five-year senior unsecured notes (144A/Reg S) listed on the London Stock Exchange.
The bank conveyed this in a notice signed by the company’s secretary, Bili Odum, and filed with the Nigerian Exchange Limited (NGX).
Speaking on the offering, the Group Managing Director & CEO of UBA Plc, Mr. Kennedy Uzoka,said the offering further illustrates global investor confidence in the strong fundamentals of our Group.
He added:”It is a testament to our customer first strategy, pan-African growth story, supported by prudent risk management and benchmark asset quality ratios”
Besides,the Group CFO, Mr. Ugo Nwaghodoh said UBA’s successful global offering is another milestone for the Group.
He added that the new issue further enhances the bank’s stable funding base and supports the growth of our balance sheet and its overall business.
873000cookie-checkUBA Unveils $300 million 5-year Senior Unsecured Notes
