DBN expands funding base with N100bn bond issuance

As part of plans to expand its funding base, the Development Bank of Nigeria (DBN) on Thursday signed a N20 billion, series one, under its N100 billion first domestic bond issuance programme. The fund issued at 14.40 percent interest rate, is a medium-term bond issuance programme that would mature in 2028, and it was oversubscribed
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