Oando moves to convert $300m debt to equity, targets fresh N500bn capital via public offerings

One of Nigeria’s leading energy companies, Oando Plc, has unveiled plans to convert up to $300m of its existing debt into equity. This is subject to terms and conditions to be determined by the Directors. Similarly, the company disclosed that it plans to raise N500 billion in fresh capital as part of a broad restructuring [...]The post Oando moves to convert $300m debt to equity, targets fresh N500bn capital via public offerings appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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