January 8, 2018 / 5:40 PM / 6 months ago

Nigeria's Union Bank has raised 49.7 bln naira via rights issue

LAGOS, Jan 8 (Reuters) - Nigeria’s Union Bank has raised 49.7 billion naira through a rights issued which it said was 120 percent subscribed.

The mid-sized lender launched the share sale last September at a ratio of five new shares for every seven held. (Reporting by Chijioke Ohuocha, editing by David Evans)

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