Temitope
Temitope Akinola
The Managing Director of GT Bank Plc, Segun Agbaje on Tuesday said the bank will redeem its existing Eurobond at maturity and also consider issuing a fresh one, Reuters reports.
"We probably will redeem everything, but we might raise fresh bond ... subject to pricing, prevailing environment," Segun Agbaje told an investor conference call.
He said he expected Nigeria to devalue its currency again by another 10 per cent owing to the persistent decline in crude oil prices which is currently making investors quit naira denominated assets.
Reuters Africa
"We probably will redeem everything, but we might raise fresh bond ... subject to pricing, prevailing environment," Segun Agbaje told an investor conference call.
He said he expected Nigeria to devalue its currency again by another 10 per cent owing to the persistent decline in crude oil prices which is currently making investors quit naira denominated assets.
Reuters Africa
