Nigeria, West Africa To Benefit From $274m Housing Finance

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Nigeria, West Africa To Benefit From $274m Housing Finance Business

The long-term financing is in partnership with Bank of America Securities Inc, Brean Capital, LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire , the U.S. Agency for International Development and the U.S. International Development Finance Corporation .

The deal represents an innovative approach to mobilise transparent, market-oriented financing and is expected to help about 6,000 households gain access to home-ownership. Through this transaction, for the first time, CRRH accessed cheaper, longer-term capital with a 17-year $217 million equivalent Eurobond that was issued via a U.S. trust alongside a local currency bond equivalent to $57 million for a total raise of $274 million from international and local institutional investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

90% of the money would be misappropriated and looted. Something is definitely wrong with the black race..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines