Access Bank Redeems $500 Million Eurobond, Citing Strong Liquidity
1 report, 1 independent
Updated Sep 21
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What happened
Access Holdings announced that Access Bank redeemed its $500 million senior unsecured Eurobond on September 21, 2026, following the note's maturity. The bank stated that the repayment reflects its strong liquidity position and disciplined balance sheet management. The Eurobond was issued under a $1.5 billion Global Medium-Term Note Programme and was listed on the London Stock Exchange’s main market.
From premiumtimesng.com
Why it matters
The redemption underscores the bank's capacity to meet its funding commitments and obligations to investors and stakeholders. Access Holdings noted that the bank never defaulted on its semi-annual coupon payment obligation.
From premiumtimesng.com
Who's involved
- Access BankNigerian multinational bank that redeemed the Eurobond
- Roosevelt OgbonnaManaging Director and CEO of Access Bank
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The entities involved
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Access Bank
Nigerian multinational bank