The Bank of Industry (BoI) is planning to raise 750 million euros ($883 million) from international debt markets this year.

According to the bank, the fund from Eurobond sale will be used for lending more to companies hampered by the COVID-19 pandemic.

The Chief Executive Officer of the bank, Olukayode Pitan, said financial advisers have been appointed for the issue.

“The bond proceeds will be deployed to areas of priority including health care, transportation, education, solid minerals and agriculture”.