Tuesday, October 11, 2011

Delta’s N50bn Bond Fully Subscribed


This Day
4 October 2011


Infrastructural facilities in Delta State is on the verge of transformation as the state yesterday said it recorded a major breakthrough in the capital market as N50 billion, which was the first tranche of its proposed N100 billion infrastructure bonds was fully subscribed.

A statement said that a completion board meeting on the offer was held in Abuja at the weekend.

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In his remarks, Governor Uduaghan expressed satisfaction over the success of the offer. He said the fund had opened a new vista of unparalleled development of infrastructures that would bring greater economic development to the state.

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