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Tuesday, March 21, 2023

Access Bank Announces Additional Tier-1 Eurobond Issuance

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Access Bank over the weekend announced on the Nigeria Exchange Limited its intention to issue additional Tier=1 capital via Eurobonds.

it had mandated Citi, J.P Morgan, Renaissance Capital and Mashreqbank as Joint Bookrunners and Chapel Hill Denham and Coronation Merchant Bank as Financial Advisers and Joint Bokkrunners to arrange a global investor call on 27 September 2021 in addition to a series of fixed income investor calls.

The bank says issuance of an inaugural Basel III-based perpertual Non-Call 5.25-year benchmark USD-denominated additional Tier 1 bond offering under the Bank’s Global Medium-Term Note programme may follow, subject to market conditions.

Access Bank is one of Nigeria’s largest lenders by assets and customer base.

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