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KM Financial Solutions | UPDATE 1-Nigeria’s UAC plans 20 bln naira bond sale for real estate unit
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UPDATE 1-Nigeria’s UAC plans 20 bln naira bond sale for real estate unit

04 Apr UPDATE 1-Nigeria’s UAC plans 20 bln naira bond sale for real estate unit

Posted at 15:26h in News by
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LAGOS, April 5 (Reuters) – Nigerian conglomerate UAC plans
to raise 20 billion ($65.4 million) naira this year through a
bond sale to refinance short-term borrowings at its real estate
subsidiary, where losses have widened, group CEO Abdul Bello
said on Thursday.

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