{"id":341863,"date":"2017-08-04T06:00:59","date_gmt":"2017-08-04T06:00:59","guid":{"rendered":"http:\/\/citifmonline.com\/?p=341863"},"modified":"2017-08-04T06:00:59","modified_gmt":"2017-08-04T06:00:59","slug":"banks-to-be-repaid-from-2-4bn-energy-bond-by-end-of-august","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/banks-to-be-repaid-from-2-4bn-energy-bond-by-end-of-august\/","title":{"rendered":"Banks to be repaid from $ 2.4bn energy bond by end of August"},"content":{"rendered":"
Banks that are exposed to the energy sector debt should be receiving their due from the proceeds of the bond by the middle of this month [August].<\/p>\n
It will follow the issuance of the 15 year energy bond to clear the 2.4 billion dollar debt, barring any last minute changes.<\/p>\n
According to the Managing Director of Cal Bank, Mr. Frank Adu Junior, the move should correct the balance sheets of banks that are exposed to the debt.<\/p>\n