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HYBRID RIGHT ISSUES

Bank Recapitalization

Fidelity Bank’s Capital Raise Hybrid Right Issues and IPO: The Takeaways

Staying true to its earlier announced plan to address the shareholders’ funds shortfall necessitated by the CBN's new capital requirement, Fidelity Bank launched a hybrid offer of a rights issue and an initial public offer (IPO) on June 20, 2024.

Idika Aja · Jun 24, 2024 5 min