GTCO Secures N10 Billion via Private Placement

Guaranty Trust Holding Company (GTCO) announced that it has issued 125 million ordinary shares valued at N10 billion as part of a private placement that took place in December 2025.

The banking institution received a singular application for the specified share quantity, which was deemed valid according to the stipulations of the capital raise program and processed accordingly, achieving a complete subscription rate, as detailed in a regulatory filing on Thursday.

The shares were allocated at a unit price of N80, although the identity of the purchaser was not disclosed.

GTCO indicated that the new shares will be promptly credited to the Client Securities Clearing System (CSCS) account of the allottee by the registrar handling the placement, DataMax Registrars Limited, which is located at 2C Gbagada Expressway, off Beko Ransome-Kuti Park, Lagos.

Quest Advisory Services Limited served as the issuing house for this transaction. GTCO also reported that the allotment has received approval from the Securities and Exchange Commission.

In December of the previous year, GTCO, which is listed on both the Nigerian and London Stock Exchanges, announced the initiation of this private placement following a resolution passed by shareholders at its annual general meeting on May 9, 2024, authorizing the board to implement a fundraising initiative of up to $750 million.

Earlier, in August, GTCO had reported the successful raising of N365.9 billion through a rights issue, allowing it to sell 7 billion ordinary shares to existing shareholders. This action facilitated its commercial banking subsidiary, Guaranty Trust Bank, in complying with the newly mandated N500 billion regulatory capital for Nigerian banks with international banking authorization.

According to GTCO, this capital infusion expanded the bank's share capital from N138,186,703,485.78 to N504,037,107,058.45, ensuring adherence to the updated minimum capital requirements for international banks as directed by the Central Bank of Nigeria.

As stipulated by Nigeria's new capital regulations, banks with national and regional authorizations are required to raise their core capital to N200 billion from N25 billion and to N50 billion from N10 billion, in alignment with other banks that operate foreign subsidiaries.