Zenith Bank Plc, Nigeria’s largest bank by tier-1 capital and shareholders’ funds, was on Thursday listed on the London Stock Exchange (LSE).
The listing of US$850 million of its shares at US$6.80 each was a major step by the bank at improving liquidity in its stock through Global Depository Receipts (GDRs).
By its size, Zenith Bank’s US$850 million GDR listing is the largest of any Nigerian bank on the LSE to date and is expected to help the bank, with a market capitalisation
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