Stanbic Raises Cash For Diamond Beneficiation

The bank's managing director, Dennis Kennedy said on Friday when listing the three bonds namely SBBL 046, SBB L047 and SBBL 048 that they are very hungry for business. He was referring to the financing of working capital needed by the 16-diamond cutting and polishing companies in the country.

Kennedy said they listed the bonds to give the bank a robust balance sheet to enable it to lend money and play a significant role in the development of the local economy.