NOTIFICATION OF THE FULL REDEMPTION OF THE US$500 MILLION SENIOR UNSECURED EUROBOND AT MATURITY
Access Bank Plc (the Bank”) is pleased to announce that it has redeemed its US$500 million Senior Unsecured Eurobond, which matured on September 21, 2026.
The five-year Eurobond was issued in September 2021 at a coupon of 6.125%. The Bank met all scheduled coupon payments throughout the life of the instrument and has now repaid the principal in full at maturity.
Bond Details
Item Details
Issuer Access Bank Plc
Instrument Size US$500,000,000
Issue Date 21 September 2021
Maturity Date 21 September 2026
Coupon 6.125% per annum, payable semi-annually
Regulation S ISIN XS2388445764
The redemption was funded entirely from the Bank’s foreign currency liquidity and fully discharges its obligations under the Eurobond. The repayment reflects disciplined liquidity planning and asset liability management and was completed without adverse impact on the Bank’s operations or liquidity.
Commenting on the redemption, Mr. Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The repayment of this Eurobond demonstrates the resilience of our balance sheet, the strength of our liquidity position and the discipline with which we manage our funding obligations. Meeting the maturity entirely from existing liquidity reflects prudent asset liability management and our commitment to honoring our obligations to investors and stakeholders.
The redemption also reflects our continued focus on maintaining a resilient and diversified funding base, proactively managing our liabilities and preserving the financial flexibility required to support sustainable growth across our markets.”
Kindly note the foregoing and update your records accordingly.
Thank you.