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Nigeria's Union Bank to seek approval to raise $750 mln debt
May 14, 2014 / 1:47 PM / 4 years ago

Nigeria's Union Bank to seek approval to raise $750 mln debt

LAGOS, May 14 (Reuters) - Nigeria’s Union Bank said on Wednesday it will seek shareholders’ approval in June to raise up to $750 million in medium-term debt instrument.

Union Bank has been transforming its image after new investors recapitalised the lender three years ago following a central bank rescue of the institution in 2009.

Reporting by Chijioke Ohuocha; editing by Oludare Mayowa and Jason Neely

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