Amidst the impact of the Coronavirus (COVID-19) pandemic and a major change in the financial market in
Confirming this situation in an interview with Vanguard Newspaper, the Executive Director, Corporate and Institutional Banking at
On the other hand, he also explained that companies are discouraged from going to the capital market to raise funds because of low valuation of stocks in the
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He stated: "You will not see many companies going into the stock market because of the low valuations. So, they will not go for equity capital, but they go for debt capital. So, for debt capital, a lot of it is happening because the interest rates are depressed.
"Huge sums are being raised by corporates within this COVID-19 period and within this year. Equity capital is muted because debt capital is cheap and not many large corporates are going for it today."
On what
"Also we take them to the international financial market, we take them to meet international investors, banks, asset managers and we did quite a lot last year with the Nigerian government and sovereigns across
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