Diamond Bank Chief Financial Officer (CFO) Abdulrahman Yinusa, told a Reuters Africa Investment Summit in Lagos in April that the bank would use funds from the debt issue to increase lending to the oil and gas, power and infrastructure sectors in Africa’s second biggest economy.
The amount the bank raises will depend
on market conditions, the banker said, noting that the mid-tier lender was
aiming for yield of between 6-8 percent.
This is another opportunity for investors to invest in one of the frontline financial institutions in Nigeria, with capital gains expected from this deal , only time will tell as investors continue their investment drive in one of the most stable economy in Africa
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