Haldane McCall Plc, has disclosed plans to float a N250 billion bond to provide affordable houses for Nigerians, amid a growing housing deficit.
The Group Managing Director Dr. Edward Akinlade, revealed this to Vanguard, weekend, during a media chat in Lagos, noting that the company aims to raise N250 billion, with N75 billion being the first phase.
Weve announced our plans to the capital market, but we need Securities and Exchange Commission, SEC approval and a credit rating, which is taking time, Akinlade said. The companys market capitalisation currently ranges between N14 billion and N16 billion, following its listing on the Nigerian Exchange eight months ago.