Connect with us

Capital Market

Access Bank Announces 5-Year Senior Unsecured Note Issuance

Published

on

access bank

Access Bank Plc, Nigeria’s leading bank on September 9, 2021, gave a hint that it will issue a 5-year fixed-rate USD-denominated regulation S/144A Senior Unsecured Note under its Global Medium Term Note Programme subject to market condition.

A notice by the bank at the Nigerian Exchange Ltd signed by Sunday Ekwochi, Company Secretary did not indicate the volume of funds intended to raise.

However, the bank said that it had mandated Absa, Barclays, JP Morgan and Standard Chartered Bank as Joint Bookrunners and Chapel Hill Denham and Rand Merchant Bank as Financial Advisers and Joint Bookrunners to arrange a global investor call in addition to a series of fixed income investor call commencing on September 11, 2021.

Access Bank Plc under its US$1 billion Global Medium Term Note Programme with the Base Prospectus of 23 September 2016 may from time to time issue senior notes and subordinated notes denominated in any currency agreed between the Issuer and the relevant Dealer, subject to compliance with all applicable legal and/or regulatory and/or central bank requirements.

Advertisement
Advertisement