Speaking at a media parley organised by FBNQuest in Ikoyi, Lagos at the weekend, the managing director, FBNQuest Funds, Ijeoma Agboti, said, equity and quasi-equity capital are important sources of financing for mid-cap companies seeking investment for their current operations and expansion initiatives.
Stressing that equity capital can be helpful to businesses because business owners can sell shares to investors to finance expansion and growth, without immediate obligation, she added that, Quasi-equity encompasses various loan and convertible loan options for which repayment is linked to future cash flows, but often provide more flexible payment terms than traditional loans.
The current economic headwinds facing mid-cap businesses, she pointed out, places a demand on business leaders to carefully plan their capital needs with a view to optimise and defensive positioning.Agboti said, while the outlook for the business environment remains uncertain over the next 6 months, strong opportunities remain to bolster capital structures and to pursue strategic business prospects.
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