News Column

Diamond Bank Adjudges Issuance of U.S. $200 Million Eurobonds Successful

May 19, 2014

Kayode Ekundayo

Group Managing Director of Diamond Bank, Alex Otti, said the success of the $200 million Eurobonds issuance exercise has effectively launched the bank into the international market.

Otti said he was pleased with the turn of events, adding that the bank was positioned as a market leader.

The bank had recently announced its intention to meet with international fixed income investors on a road show with a target to raise between $200 million and $300 million.

Otti said investors warmly accepted Diamond Bank's brand at its concluded inaugural Eurobond issuance exercise, making the bank to print $200 million worth of bonds with maturity of 5 years.

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Source: AllAfrica

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