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.

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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