Access Bank redeems $500 million Eurobond at maturity
Access Bank Plc has redeemed its $500 million Senior Unsecured Eurobond following the instrument’s maturity, marking the successful conclusion of a five-year international debt issuance launched in 2021. The post Access Bank redeems $500 million Eurobond at maturity appeared first on Nairametrics .
Access Bank Plc has successfully redeemed its $500 million Senior Unsecured Eurobond upon its maturity on September 21, 2026, concluding a five-year international debt issuance launched in 2021. The bank's Managing Director and CEO, Roosevelt Ogbonna, emphasized that the repayment demonstrates the bank's financial strength and disciplined approach to liquidity management.
The $500 million Eurobond was issued as part of Access Bank's Global Medium-Term Note Programme, attracting significant interest from institutional investors worldwide. The issuance not only set a record for investor demand with a $1.6 billion order book but also offered the lowest outstanding coupon for a Nigerian bank Eurobond, reflecting strong investor confidence.
The completion of the redemption aligns with Access Bank's focus on strengthening shareholder value following years of expansion across Africa and other markets. The bank's liquidity planning framework successfully incorporated the repayment without impacting operations or regulatory compliance.
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