IFLR1000

Access Bank N52.6 billion rights offering

1/3/2015
Share offer
Select tab

N 52.6 billion

$ 267 million

Completed

1/3/2015

Overview:

  • Access Bank has raised N52.6 billion through a rights issue.
  • The bank offered 7.6 billion shares at N6.90 per share to existing shareholders.
  • The shares were offered on the Nigerian Stock Exchange.
  • The capital raising is part of the bank's five year strategy to become one of Nigeria's top three banks.

Ben Naylor - Regional editor

Jurisdiction:

Nigeria

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing law:

Nigeria

Industry sector:

Banking

Firm:
ALN Nigeria | Aluko & Oyebode

Party: Access Bank (Issuer)

Lawyer: Olubunmi Fayokun

Related deals