Nigeria’s UBA Says Planning Capital Raising By Rights Offer

October 13, 2014

Lender to issue 1 shr for 10 to existing holders, spokesman Ramon Nasir says by phone from commercial capital, Lagos.

* Total shrs for issue, price, date to be announced later
* Plan subject to regulatory approval
* NOTE: Nigeria Too-Big-to-Fail Bank Rules Spur Bond Rush: Africa Credit. Source: Bloomberg