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The GTBank US$500,000,000 Eurobond was the first-ever Benchmark Eurobond issue by a Nigerian corporate and the second Eurobond programme by GTBank in the last 5 years. [11] The long-term debts of Guaranty Trust Bank plc are rated BB-by Standard & Poor's and AA− by Fitch Ratings, which are the highest ratings for a Nigerian bank. [12] [13]
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According to a 10 November 2017 Innoson Group press release, the company was a GTBank customer. The issue dated back to 2012, when the bank "arbitrarily imposed and debited [their] current account in excessive and unlawful charges". [4] Innoson sued GTBank, and several judgements were appealed by both sides.
Guaranty Trust Bank (Kenya) Ltd, commonly referred to as GTBank Kenya, is a commercial bank in Kenya and a subsidiary of the Nigerian Guaranty Trust Bank Plc. It is licensed by the Central Bank of Kenya , the central bank and national banking regulator.
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